What is Happening to the LifeHealthcare Group Share Price?

medical nurse using tablet computer
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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…

 

LifeHealthCare Share Price

Source: STEX

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.

Callum Newman

Editor, The Daily Reckoning

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Callum Newman

Callum Newman

Callum Newman is the editor of The Daily Reckoning and Associate Editor of Cycles, Trends and Forecasts. He also hosts The Daily Reckoning Podcast. Originally graduating with a degree in Communications, Callum decided financial markets were far more fascinating than anything Marshall McLuhan (the ‘medium is the message’) ever came up with. Today Callum spends his day reading and researching why currencies, commodities and stocks move like they do. So far he’s discovered it’s often in a way you least expect. To have Callum’s thoughts and insights on the current state of the currency, commodities and stock markets delivered straight to your inbox, take out a free subscription to The Daily Reckoning here.
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