What Does LifeHealthcare Do?
LifeHealthcare Group [ASX:LHC] is a specialised distributer of high-end medical devices. Its customer base is surgeons, hospitals and clinicians in Australia and New Zealand.
What’s Happening to the Lifehealthcare Share Price?
Here is a daily chart of the stock…
2015 has been a strong year for the company. In March the company released a positive half year result. Revenue and EBITDA were up by 15% and 19.6% respectively.
On 5 May the company announced it had entered an agreement to acquire M4 Healthcare Pty Limited, as part of its overall growth strategy.
What Now for LifeHealthcare Group?
According to the acquisition briefing the company released, M4 will deliver LifeHealthcare an additional $9 million in revenues and the opportunity for further growth.
This year the company has proved there is certainly plenty of profitable opportunities to be found in stocks, despite some suggesting otherwise. For more on why that is, go here.
Editor, Markets and Money