FN Media Group Presents Microsmallcap.com Market Commentary
New York, NY – February 24, 2022 – The average American’s lifespan may have increased to 78 years old, but chronic diseases are are still prevalent. According to the CDC, six in 10 adults in the US have a chronic disease and it has become the leading cause of death and disability across the nation. The rise in chronic disease cases has led to a significant increase in specialty medication development as well as a rise in specialty pharmacies, which are associated with better patient care and higher rates of adherence. Healthcare companies like Mednow, Inc. (TSXV:MNOW) (OTCQB:MDNWF), 1Life Healthcare, Inc. (NASDAQ:ONEM), Hologic, Inc. (NASDAQ:HOLX), Medtronic plc (NYSE:MDT), and WELL Health Technologies Corp. (TSX:WELL) (OTCPK:WLYYF) are all well-placed in the healthcare and specialty pharmacy sectors to serve this growing market.
Chronic disease management requires constant monitoring and adjustments for symptoms and side effects, which is where healthcare technology companies offering virtual access with exceptional care like Mednow, Inc. (TSXV:MNOW) (OTCQB:MDNWF) come in.
On February 24,2022, Mednow provided a corporate update outlining major operational milestones over the last few months, including several key acquisitions and milestones.
On February 22, 2022, Mednow, Inc. acquired London Pharmacare Inc. and Liver Care Canada Inc. (collectively, the “Liver Specialty Group”). This acquisition is Mednow’s second acquisition within the specialty pharmacy market and is expected to strengthen the company’s expertise in hepatological drugs. Mednow is a healthcare technology company, with its own digital pharmacies, offering telemedicine services as well as home doctor visits, genetic testing, mental health assessments and nutritionists.
In its last fiscal year, the Liver Specialty Group generated approximately C$21M in revenue and C$2M in gross profits from selling prescription medications and support services to its patients. The Liver Specialty Group deal follows Mednow’s acquisitions of InfusiCare Canada Inc. on November 18, 2021, and Medvisit on August 6, 2021. The combination of Liver Specialty Group, InfusiCare and Medvisit’s aggregate revenue in their last fiscal years was approximately C$34M and C$3.2M in total gross profit.
“The successful acquisition of the Liver Specialty Group further demonstrates the continuation of our acquisition strategy to continue to expand nationally and grow organically” said Karim Nassar, Chief Executive Officer of Mednow. “Over the last ten months, since our initial public offering in March 2021, Mednow has continued on its growth trajectory by acquiring companies with aggregate revenue in their last fiscal year of approximately C$33.6M and C$3.3M in total gross profit, while building out a national, digital pharmacy.”
The acquisition of the Liver Specialty Group’s expands Mednow’s offering of specialty pharmacy services to two, following the acquisition of InfusiCare Canada Inc. last month. Liver Specialty Group’s database includes a patient base of 100,000 patients, ten Hepatologist and Gastrointestinal Specialists, ten Nurses and two Nurse practitioners and boasts a history of 5,000 cured patients of hepatitis C.
The acquisition of the Liver Specialty Group is Mednow’s second acquisition within the specialty pharmacy space. In November 2021, the company signed an agreement to acquire InfusiCare Canada and its wholly-owned subsidiary, a specialty pharmacy that is also operating out of the Arva Clinic in London, Ontario. The acquisition of the Liver Specialty Group is expected to bolster Mednow’s expertise in biologic drugs, which is a growing class of drugs in the pharmaceutical industry, and would give the company the ability to offer same-day delivery in London, Ontario, and the surrounding areas. Mednow also closed the acquisition of Medvisit, Canada’s Largest and Longest Standing Doctor Home Visit Provider, in August 2021.The combination of Liver Specialty Group, Infusicare and Medvisit’s aggregate revenue in their last fiscal years was approximately C$34 million and C$3.2 million in total gross profit.
Mednow also recently partnered with PACE Consulting Benefits and Pensions Ltd. and PACE Consulting MGA Services Inc. (collectively, “PACE”) to allow PACE to market Mednow’s digital pharmacy and healthcare platform to its network of plan members. PACE is one of Canada’s largest independent group advisory firms, specializing in Group Benefits, Group Retirement, and Group MGA/advisor support services.
Mednow currently offers same-day delivery to four major Canadian cities (Toronto, Vancouver and Halifax, and London), and anticipates further expansion.
For more information on Mednow, Inc. (TSXV:MNOW) (OTCQB:MDNWF), please visit this link.
Healthcare Delivers Results in a Growing Market of Chronic Disease Patients
1Life Healthcare (One Medical), Inc. (NASDAQ:ONEM) just announced its third-quarter 2021 results, reporting a net revenue of $151.3 Million, a 49% increase year-over-year (YoY) and a total membership count of 715,000, a 40% increase YoY. In the release, 1Life also provided Q4 2021 guidance and updates on its full year 2021 guidance including membership count, net revenue, Care Margin, and Adjusted EBITDA.
Hologic, Inc. (NASDAQ:HOLX) is an innovative medical technology company focused on improving women’s health, and also has acquisition news. It recently completed its previously announced acquisition of Bolder Surgical, a privately held, US-based company providing advanced energy vessel sealing surgical devices. This acquisition bolsters the company’s growing laparoscopic portfolio. To date, Hologic has committed US$5 million in donations to nonprofit organizations located near its major facilities in the pursuit of improving women’s health, STEM education, and social justice.
Canada-based medical technology company Medtronic plc (NYSE:MDT) just announced that it has received a Health Canada license for Huge, its cutting-edge robotic-assisted surgery (RAS) system used for urologic and gynecologic laparoscopic surgical procedures (currently accounting for half of all robotic procedures). The Hugo RAS system is a modular, multi-quadrant platform that combines wristed instruments, 3D visualization, and a cloud-based surgical video capture option in Touch Surgery
Enterprise.
On December 2, technology-enabled healthcare company Well Health Technologies Corp. (TSX:WELL) (OTC:WLYYF) provided key updates on its Virtual Services business and announced the 100% acquisition of CognisantMD and its Ocean Platform, which includes a full suite of virtual patient engagement tools, as well as in-clinic check-in kiosks and tablets.. CognisantMD will operate as a stand-alone business within the WELL Digital App Business Unit and will be operated by its current President, Jeff Kavanagh and Medical Director, Dr. Doug Kavanagh.
The healthcare problems plaguing the US and Canada are manageable with the right specialty drugs and services, and Mednow’s (TSXV:MNOW) (OTC:MDNWF) advancement through acquisitions in this space shows the company’s commitment to chronic disease treatment.
PAID ADVERTISEMENT. This communication is a paid advertisement for Mednow Inc. (“Mednow” or the “Company”) to enhance public awareness of the Company, its products, its industry and as a potential investment opportunity. NativeAds, Inc. (“NativeAds”) and its owners, managers, employees, and assigns were paid by the Company to create, produce and distribute this advertisement, as previously disclosed in the news release of the Company dated March 12, 2021. This compensation should be viewed as a major conflict with NativeAds’ ability to be unbiased.
This communication is not intended as, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Company purport to provide a complete analysis of the Company or its financial position. The Company is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the Company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the profiled company’s SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk.
This communication is based on information generally available to the public and on and does not contain any material, non-public information.
FORWARD-LOOKING STATEMENTS. This communication includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the timing of operations beginning in Manitoba, Saskatchewan and Nova Scotia, receipt of all required regulatory approvals from the Manitoba College of Pharmacists, the Nova Scotia College of Pharmacists and other regulatory bodies with oversight of pharmacy practices, the ability to service clients in Saskatchewan and Manitoba from the Manitoba fulfillment centre, the ability to service clients in Nova Scotia from the Nova Scotia fulfillment centre and the benefits of a national presence. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends,” “anticipates,” “it is expected,” or variations of such words and phrases, or statements that certain actions, events or results “may,” “could,” “should,” or “would” occur. Forward-looking statements are based on certain material assumptions and analyses made by management of the Company and the opinions and estimates of management of the Company as of the date of this communication, including that the transactions contemplated herein will close on the terms and timeline as anticipated by the management of the Company and that the Company will receive all required regulatory approvals. Although the Company considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, the risk that the transactions contemplated herein will not close on the terms and timeline as anticipated by the management of the Company, or at all, the risk that the Company will not receive required regulatory approvals and the other risks and uncertainties applicable to the Company and the business of the Company as set forth in the Company’s final long form prospectus dated February 26, 2021 and its other disclosure available under the Company’s profile at www.sedar.com. There can be no assurance that the transactions contemplated in this communication will complete. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations. We seek safe harbor.
RELEASE OF LIABILITY. By reading this communication, you acknowledge that you have read and understand this disclaimer, and further that to the greatest extent permitted under law, you release the Company, its affiliates, assigns and successors from any and all liability, damages, and injury from this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.
Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Mednow Inc. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
Media Contact:
FN Media Group, LLC
+1(561)325-8757
Source: Microsmallcap.com
The post Chronic Disease Increasing Need for Specialty Pharmacy Services appeared first on Financial News Media.
