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Patient Home Monitoring Corp (PHM.V)

PHM.V on TSX Venture Exchange

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Patient Home Monitoring names Steve Lazarus its CFO
Wednesday, 29 Jun 2016 09:48am EDT 

Patient Home Monitoring Corp : Appointed Steve Lazarus to position of chief financial officer . Lazarus' appointment comes as board of directors have taken steps to reduce overhead and realign staff .Patient home monitoring announces appointment of new chief financial officer; overhead reduction and staff realignment; updates regulatory bar requirement.  Full Article

Patient Home Monitoring reports Q2 revenue $33.8 mln vs $13 mln
Thursday, 26 May 2016 09:00am EDT 

Patient Home Monitoring Corp : Posts second quarter financials; announces integration and reimbursement cut restructuring plan on target .Revenues for three months ended March 31, 2016 totaled $33,755,000, as compared to $13,036,000 in same quarter a year ago.  Full Article

Patient Home Monitoring Corp executes definitive purchase agreement to acquire Patient-aids inc. of Ohio
Wednesday, 2 Sep 2015 09:00am EDT 

Patient Home Monitoring Corp :Executes definitive purchase agreement to acquire Patient-aids inc. of Ohio; increase of $17 million in annualized revenue.Acquisition is expected to increase phm's revenues by more than 10%, as well as increase phm's overall EBITDA margins.Says acquisition is accretive and is expected to have an immediate and positive impact on earnings per share.Says will acquire all stock of Patient aids, inc. for about $32 million and 2.7 million phm common shares.  Full Article

Patient Home Monitoring Corp announces intention to make normal course issuer bid; Announces board change
Monday, 13 Jul 2015 09:00am EDT 

Patient Home Monitoring Corp:Phm announces intention to make normal course issuer bid (share buy back); highlights record revenue and EBITDA for the quarter; appoints new CEO and president.Says has appointed casey hoyt as chief executive officer and mike Moore as president.  Full Article

Patient Home Monitoring Corp closes $67.3 million bought deal financing
Monday, 4 May 2015 01:18pm EDT 

Patient Home Monitoring Corp:Says it has closed its bought deal private placement offering.Mackie Research Capital Corporation was lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including GMP Securities L.P. and Beacon Securities Limited (the Underwriters).Whereby the Underwriters purchased 44,850,000 units of the company at a price of $1.50 per unit, for gross proceeds to the company of $67,275,000, which included the full exercise of the over-allotment option of 5,850,000 units.The securities issued under the offering are subject to a hold period which will expire four months and one day from the date of closing, being Sep. 5.The net proceeds from the offering will be used by the company for acquisition purposes and general working capital.In consideration for their services, the underwriters received a cash commission of 5.0 pct of the gross proceeds of the offering, and have received such number of compensation options exercisable into common shares, as is equal to 4.0 pct of the units issued in the offering.  Full Article

Patient Home Monitoring Corp announces execution of letter of intent to acquire a National Business Headquartered in Southeast
Wednesday, 29 Apr 2015 09:00am EDT 

Patient Home Monitoring Corp:Says it has executed a non-binding Letter of Intent (LOI) to acquire a company headquartered in the southeast United States with management-adjusted unaudited annualized revenues of about $40,000,000 and Annualized Adjusted EBITDA of about $13,000,000.Says the national business currently provides home based medical services in 19 states across the US.  Full Article

Patient Home Monitoring Corp announces increase of previously announced bought deal financing
Monday, 13 Apr 2015 11:21am EDT 

Patient Home Monitoring Corp:Says that in connection with its previously announced bought deal private placement offering, it has entered into an amendment agreement with Mackie Research Capital Corporation as lead underwriter.And including GMP Securities L.P. and Beacon Securities Limited to upsize the Offering from $36,000,000 to $58,500,000.The Underwriters have agreed to purchase, on a bought-deal basis, 39,000,000 units of PHM at a price of $1.50 per Unit, for gross proceeds to PHM of $58,500,000.  Full Article

Patient Home Monitoring Corp announces $36 million bought deal financing
Monday, 13 Apr 2015 07:34am EDT 

Patient Home Monitoring Corp:Enters into an agreement with a syndicate of underwriters led by Mackie Research Capital Corporation, whereby the Underwriters will purchase, on a bought-deal basis, 24,000,000 units of PHM at price of $1.50 per Unit for gross proceeds to PHM of $36,000,000.Each Unit will consist of one common share in the capital of PHM and one-half of one common share purchase warrant of PHM.Each Warrant entitles the holder thereof to acquire one common share for an exercise price of $1.80 per common share for a period of 36 months following closing of the offering.Net proceeds from the Offering will be used by PHM for acquisition purposes and general working capital.  Full Article

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BRIEF-Patient Home Monitoring sees Q1 consol EBITDA margin of about 8 pct

* Estimates that its Q1 consolidated EBITDA margin will be approximately 8 percent Source text for Eikon: Further company coverage: