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Tuesday, March 17, 2020

Viemed Health updates on Coronavirus; shares edge higher

In the homecare post-acute respiratory care business, Viemed (NASDAQ:VMD) would seem to be well-positioned, but has gotten hammered alongside most everything else over the past few weeks.
CEO Casey Hoyt: “We have modified our procedures to immediately focus on the health and safety of our employees and existing patient base … We remain in position to safely treat the growing patient base with our significant ventilator fleet and our remote patient monitoring capabilities.”
Shares jumped as high as $3.40 earlier, but have pulled back to $2.87 at pixel time, up 5.5% on the session.

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