Viemed reports 'record' growth
By HME News Staff
Updated Wed May 9, 2018
LAFAYETTE, La. - Viemed Healthcare reported revenues of $14.1 million and gross margin of $10.6 million for the quarter ended March 31, 2018, increases of 41% and 45%, respectively. The company had a working capital balance of $5.2 million and a $5 million line of credit. Adjusted EBITDA for the quarter totaled approximately $3.8 million or 27%. Viemed grew its ventilator patient count by approximately 38% compared to the same quarter in 2017. The company also completed an ongoing CMS audit. “Our patient centric company culture of always putting the patients' needs first should lead to continuing organic growth, and this growth will ultimately lead to our company continuing to post records in both the top and bottom lines,” said Casey Hoyt, Viemed CEO, in a press release.
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