Viemed: Revenue, vent patient count grow
By HME News Staff
Updated 8:52 AM CDT, Tue August 3, 2021
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LAFAYETTE, La. – Viemed Healthcare reported net revenue of $27.4 for the quarter ended June 30, 2021, a “company record” and an increase of 13% over the same quarter in 2020.
Of that, $1.1 million was for contact and vaccine tracing services and product sales related to the COVID-19 pandemic.
Viemed grew its ventilator patient count to 8,103, a 5% increase over the March 31, 2021, ventilator patient count.
“I am extremely pleased with our company’s ability to grow our active patient count across all of our major product lines during the current quarter,” said Casey Hoyt, CEO. “We have once again posted extremely strong financial results, and our adherence to always putting the patient first continues to drive strong growth trends throughout the country. We continue to see treating respiratory patients in the home as a major growth segment and are seeing new patient on-boardings increase as we continue to navigate through the pandemic.”
Net income for the quarter totaled $1.6 million, compared to $19.4 million.
Adjusted EBITDA for the quarter totaled $6.8 million and $12.3 million for the six months ended June 30, 2021.
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