VMD on Nasdaq

VIEMED HEALTHCARE, INC.

VIEMED HEALTHCARE, INC. is a Canadian misc health and allied services company, listed on Nasdaq (VMD).1 It is headquartered in Lafayette, Louisiana.1

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Last updated Oct 20, 2026.

Overview

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  • TickerVMD on Nasdaq1
  • IndustryServices-Misc Health & Allied Services, NEC1
  • HeadquartersLafayette, Louisiana1
  • Incorporated inBritish Columbia, Canada2
  • Business address625 E. Kaliste Saloom Rd., Lafayette, La 705082
  • Filer categoryAccelerated filer2

Viemed Healthcare, Inc. (the "Company" or "Viemed"), through its subsidiaries, is a provider of home medical equipment ("HME") and post-acute healthcare services in the United States, with a focus on respiratory, chronic care, and women’s health products and services. The Company’s primary service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counseling to patients in their homes using cutting edge technology.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

57.5%Gross margin5
8.5%Operating margin5
5.5%Net margin5
20.5%Revenue growth, 20255
10.6%Return on equity5
0.08×Debt to equity5
$11.9MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Equipment Sales brought in 67% of the revenue VIEMED HEALTHCARE, INC. broke down this way in fiscal 2025.

  1. Equipment Sales$50.3M567%up 63% from 2024
  2. Service$24.9M533%up 24% from 2024
Products and services by year
Products and services202320242025
Equipment Sales$25.8M$30.9M$50.3M
Service$10.7M$20.1M$24.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue42¢$114.8M
  • Research and development1¢$3.0M
  • Selling, general and admin45¢$121.4M
  • Other costs4¢$9.8M
  • Income tax2¢$6.4M
  • Profit6¢$14.9M

Out of $270.3M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending75¢$40.0M
  • Share buybacks25¢$13.2M

Out of $51.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$270.3M in 2025+237% since 2019
0$100.0M$200.0M$300.0M2019: $80.3M$80.3M20192020: $131.3M$131.3M2020+64%2021: $117.1M$117.1M2021−11%2022: $138.8M$138.8M2022+19%2023: $183.0M$183.0M2023+32%2024: $224.3M$224.3M2024+23%2025: $270.3M$270.3M2025+21%
Gross profit67895$155.5M in 2025+178% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $56.0M$56.0M20192020: $80.1M$80.1M2020+43%2021: $73.4M$73.4M2021−8%2022: $84.7M$84.7M2022+15%2023: $112.8M$112.8M2023+33%2024: $133.2M$133.2M2024+18%2025: $155.5M$155.5M2025+17%
Operating income67895$22.9M in 2025+159% since 2019
0$10.0M$20.0M$30.0M2019: $8.9M$8.9M20192020: $26.8M$26.8M2020+202%2021: $11.6M$11.6M2021−57%2022: $8.3M$8.3M2022−29%2023: $14.3M$14.3M2023+74%2024: $17.9M$17.9M2024+25%2025: $22.9M$22.9M2025+28%
Net income67895$14.9M in 2025+75% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $8.5M$8.5M20192020: $31.5M$31.5M2020+270%2021: $9.1M$9.1M2021−71%2022: $6.2M$6.2M2022−32%2023: $10.2M$10.2M2023+65%2024: $11.3M$11.3M2024+10%2025: $14.9M$14.9M2025+33%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$270.3M$224.3M$183.0M
Cost of revenue$114.8M$91.1M$70.2M
Gross profit$155.5M$133.2M$112.8M
Selling, general and administrative$121.4M$106.2M$87.9M
Research and development$3.0M$3.1M$2.8M
Stock-based compensation$9.1M$6.3M$5.8M
Depreciation and amortization$1.5M$1.5M$1.4M
Loss (gain) on disposal of property and equipment-$2.2M-$1.9M$645.0K
Other expense (income), net-$252.0K$173.0K-$98.0K
Income from operations$22.9M$17.9M$14.3M
Income (loss) from investments$0-$954.0K$485.0K
Interest expense, net-$1.2M-$776.0K-$424.0K
Net income before taxes$21.8M$16.2M$14.4M
Provision for income taxes$6.4M$4.8M$4.1M
Net income$15.4M$11.4M$10.2M
Net income attributable to noncontrolling interest$442.0K$144.0K$0
Net income attributable to Viemed Healthcare, Inc.$14.9M$11.3M$10.2M
Basic (in USD per share)$0.38$0.29$0.27
Diluted (in USD per share)$0.37$0.28$0.25
Basic (in shares)38.9M shares38.8M shares38.4M shares
Diluted (in shares)40.8M shares40.8M shares40.4M shares

Compare VIEMED HEALTHCARE, INC. with another company

Corporate structure

VIEMED HEALTHCARE, INC. sits at the top of its group. 13 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of VIEMED HEALTHCARE, INC.

  • Michael Moore Filed SCHEDULE 13D/A on VIEMED HEALTHCARE, INC., latest Sep 24, 2026 (3 filings since May 18, 2023)
  • Forager Capital Management, LLC Filed SCHEDULE 13G/A on VIEMED HEALTHCARE, INC., latest Jul 24, 2026 (3 filings since Jul 1, 2025)
  • BlackRock Portfolio Management LLC Filed SCHEDULE 13G on VIEMED HEALTHCARE, INC., latest Jul 15, 2025
  • THRIVENT FINANCIAL FOR LUTHERANS Filed SCHEDULE 13G/A on VIEMED HEALTHCARE, INC., latest Apr 29, 2025 (6 filings since Feb 14, 2022)
  • Nantahala Capital Management, LLC Filed SCHEDULE 13G/A on VIEMED HEALTHCARE, INC., latest Nov 14, 2024 (2 filings since Feb 14, 2024)
  • BlackRock Filed SC 13G/A on VIEMED HEALTHCARE, INC., latest Nov 8, 2024 (2 filings since Oct 22, 2024)
  • Casey Hoyt Filed SC 13G/A on VIEMED HEALTHCARE, INC., latest Feb 15, 2024 (2 filings since Feb 17, 2022)
  • Cove Street Capital, LLC Filed SC 13G/A on VIEMED HEALTHCARE, INC., latest Jun 28, 2022 (2 filings since Mar 14, 2022)
  • CI INVESTMENTS INC. Filed SC 13G/A on VIEMED HEALTHCARE, INC., latest Feb 10, 2022
  • VIEMED HEALTHCARE, INC. Lafayette, Louisiana
    • East Alabama HomeMed, LLC Subsidiary · Alabama, United States
    • Home Medical Products, Inc. Subsidiary · Tennessee, United States
    • Home Sleep Delivered, L.L.C. Subsidiary · Louisiana, United States
    • Lehan Drugs, Inc. Subsidiary · Delaware, United States
    • Schofield Homecare Services, Inc. Subsidiary · Alabama, United States
    • Sleep Management, L.L.C. Subsidiary · Louisiana, United States
    • Spirocare DME, LLC Subsidiary · Tennessee, United States
    • Viemed Clinical Services, LLC Subsidiary · Louisiana, United States
    • Viemed Healthcare Staffing, LLC Subsidiary · Louisiana, United States
    • Viemed Real Estate Holdings, LLC Subsidiary · Louisiana, United States
    • Viemed, Inc. Subsidiary · Delaware, United States
    • Workforce Delivered, LLC Subsidiary · Louisiana, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What VIEMED HEALTHCARE, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$60.9M5 Dec 31, 2025$58.0M5 Dec 31, 2024+5.0%
Property and equipment, net$78.8M5 Dec 31, 2025$76.3M5 Dec 31, 2024+3.3%
Finance-lease assets$05 Dec 31, 2025$50.0K5 Dec 31, 2024−100.0%
Operating-lease assets (leased space)$3.6M5 Dec 31, 2025$2.8M5 Dec 31, 2024+26.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$13.5M5 Dec 31, 2025$17.5M5 Dec 31, 2024−23.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$58.9M5 Dec 31, 2025$33.0M5 Dec 31, 2024+78.7%
Intangible assets, net (excluding goodwill)$1.3M5 Dec 31, 2025$848.0K5 Dec 31, 2024+51.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.0M5 Dec 31, 2025$4.3M5 Dec 31, 2024+16.8%

Properties, in its own words

We own our headquarters, consisting of approximately 77,000 square feet, located on an approximately 8.2-acre parcel in Lafayette, Louisiana. We also own and occupy a 16,000 square foot office building and a 16,000 square foot climate-controlled warehouse also located in Lafayette, Louisiana. We believe that our facilities are adequate for our needs for the immediate future and that, should it be needed, additional space can be leased on commercially reasonable terms to accommodate any future growth.

Item 2 of the 10-K filed Mar 4, 2026.4

Leadership

Who has led VIEMED HEALTHCARE, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Casey Hoyt2020–now

Chief financial officer

  1. Trae Fitzgerald2020–now

Chief operating officer

  1. William Todd Zehnder2020–now
2025
Board members and other officers (12)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • East Alabama HomeMed, LLC Alabama3
  • Home Medical Products, Inc. Tennessee3
  • Home Sleep Delivered, L.L.C. Louisiana3
  • Lehan Drugs, Inc. Delaware3
  • Schofield Homecare Services, Inc. Alabama3
  • Sleep Management, L.L.C. Louisiana3
  • Spirocare DME, LLC Tennessee3
  • Viemed Clinical Services, LLC Louisiana3
  • Viemed Healthcare Staffing, LLC Louisiana3
  • Viemed Real Estate Holdings, LLC Louisiana3
  • Viemed, Inc. Delaware3
  • Workforce Delivered, LLC Louisiana3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 20, 20268-K Regulation FD disclosure25
  2. Aug 3, 20268-K Results of operations26
  3. Jun 4, 20268-K Executive or director change; Shareholder vote27
  4. Jun 2, 20268-K Regulation FD disclosure28
  5. May 5, 20268-K Results of operations29
  6. Mar 16, 20268-K Regulation FD disclosure30
  7. Mar 4, 20268-K Results of operations; Regulation FD disclosure; Other events31
  8. Nov 7, 20258-K Entered a material agreement; Regulation FD disclosure32
  9. Nov 5, 20258-K Results of operations33
  10. Sep 23, 20258-K Regulation FD disclosure; Other events34
  11. Aug 6, 20258-K Results of operations35
  12. Jul 2, 20258-K Regulation FD disclosure36
  13. Dec 31, 2020New chief executive Casey Hoyt becomes CEO13

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.09 a share, on Nov 5, 2025.37

When it reported results

  1. Aug 3, 2026Reported quarterly or annual results26
  2. May 5, 2026Reported quarterly or annual results29
  3. Mar 4, 2026Reported quarterly or annual results31
  4. Nov 5, 2025Reported quarterly or annual results33
  5. Aug 6, 2025Reported quarterly or annual results35
  6. May 7, 2025Reported quarterly or annual results38
  7. Mar 10, 2025Reported quarterly or annual results39
  8. Nov 6, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

290 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 161 insider forms, 26 large holders, 23 other. The latest 20:

  1. Sep 24, 2026SCHEDULE 13D/A EDGAR
  2. Aug 20, 20268-K EDGAR
  3. Aug 19, 20264 EDGAR
  4. Aug 19, 20264 EDGAR
  5. Aug 19, 20264 EDGAR
  6. Aug 19, 20264 EDGAR
  7. Aug 5, 2026S-8 EDGAR
  8. Aug 3, 202610-Q EDGAR
  9. Aug 3, 20268-K EDGAR
  10. Jul 24, 2026SCHEDULE 13G/A EDGAR
  11. Jun 26, 20264 EDGAR
  12. Jun 26, 20264 EDGAR
  13. Jun 4, 20268-K EDGAR
  14. Jun 2, 20268-K EDGAR
  15. May 5, 202610-Q EDGAR
  16. May 5, 20268-K EDGAR
  17. Apr 22, 2026DEF 14A EDGAR
  18. Apr 22, 2026DEFA14A EDGAR
  19. Apr 22, 2026ARS EDGAR
  20. Mar 20, 2026144 EDGAR

The 290 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

26 open-market trades by officers, directors and large owners since October 2021: 1 buys and 25 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 25, 2026Frazier WilliamChief Medical OfficerSale10,000$11.72$117.2KForm 4
Jun 24, 2026Smokoff TimothyDirectorSale20,000$11.50$230.0KForm 4
Mar 20, 2026Moore MichaelPresidentSale65,000$8.77$570.0KForm 4
Mar 19, 2026Moore MichaelPresidentSale40,232$9.21$370.5KForm 4
Mar 18, 2026Moore MichaelPresidentSale31,570$9.42$297.4KForm 4
Aug 13, 2025Cambre JeromeVice President of SalesSale4,880$7.32$35.7KForm 4
Aug 12, 2025Moore MichaelPresidentSale50,090$7.33$367.2KForm 4
Jun 30, 2025Moore MichaelPresidentSale177,830$6.92$1.2MForm 4
Jun 30, 2025Kaushal NitinDirectorSale7,048$6.91$48.7KForm 4
Jun 27, 2025Moore MichaelPresidentSale3,486$7.00$24.4KForm 4
Jun 27, 2025Kaushal NitinDirectorSale34,100$7.01$239.0KForm 4
Jun 26, 2025Kaushal NitinDirectorSale8,852$7.00$62.0KForm 4
Mar 14, 2025Smokoff TimothyDirectorSale3,000$7.73$23.2KForm 4
Mar 13, 2025Smokoff TimothyDirectorSale8,865$7.69$68.2KForm 4
Nov 26, 2024Kaushal NitinDirectorSale5,995$8.58$51.4KForm 4
Nov 25, 2024Kaushal NitinDirectorSale24,005$8.70$208.8KForm 4
Nov 20, 2024Kaushal NitinDirectorSale15,000$8.50$127.5KForm 4
Nov 19, 2024Kaushal NitinDirectorSale15,000$8.56$128.4KForm 4
Nov 13, 2024Dobbs Randy E.DirectorSale36,261$9.28$336.5KForm 4
Nov 13, 2024Kaushal NitinDirectorSale30,000$9.48$284.4KForm 4

All 26 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025W. Todd Zehnder$463.2K$4.1M50
2025Casey Hoyt$549.4K$2.6M50
2025Michael Moore$463.2K$2.0M50
2025Jeremy Trahan$296.6K$987.1K50
2025Trae Fitzgerald$271.2K$914.8K50
2024Chief Executive Officer and Director$529.5K$2.6M50
2024President$446.5K$2.0M50
2024Chief Operating Officer and Director$446.5K$2.0M50
2024General Counsel$286.7K$947.2K50
2024Chief Financial Officer$260.7K$872.2K50
2023Chief Executive Officer and Director$509.3K$2.5M50
2023President$429.3K$2.0M50
2023Chief Operating Officer and Director$429.3K$1.9M50
2023Chief Financial Officer$249.4K$826.4K50

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,788,307$54.6M0.0%+165,745
Forager Capital Management, LLC2,141,184$24.4M9.2%−684,687
Vanguard Capital Management LLC1,321,676$15.1M0.0%+18,292
Nantahala Capital Management, LLC1,264,890$14.4M0.4%+381,107
Goldman Sachs Group Inc1,222,534$13.9M0.0%−199,100
First Eagle Investment Management, LLC1,070,314$12.2M0.0%+540,657
Ameriprise Financial Inc1,006,195$11.5M0.0%+107,876
Geode Capital Management, LLC973,744$11.1M0.0%+194,222
Raffles Associates LP807,382$9.2M4.0%+393,691
Arrowstreet Capital, Limited Partnership786,269$9.0M0.0%+75,083
State Street Corp762,097$8.7M0.0%+19,138
Panagora Asset Management Inc538,625$6.1M0.0%+66,528
Punch & Associates Investment Management, Inc.533,466$6.1M0.3%−3,895
Two Sigma Investments, LP438,851$5.0M0.0%+25,457
Renaissance Technologies LLC425,900$4.9M0.0%−16,300
Creative Planning360,356$4.1M0.0%+139,954
Tocqueville Asset Management L.P.342,100$3.9M0.1%−130,000
Martin & Co Inc /tn/340,771$3.9M0.6%+67,770
Bard Associates Inc339,672$3.9M0.9%−269
Morgan Stanley300,410$3.4M0.0%−24,128
Vanguard Portfolio Management LLC281,333$3.2M0.0%+38,310
Penbrook Management LLC277,178$3.2M2.0%+4,780
Northern Trust Corp271,363$3.1M0.0%+19,976
Lazard Asset Management LLC262,486$3.0M0.0%+46,548
Vanguard Fiduciary Trust Co236,790$2.7M0.0%+2,538

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How VIEMED HEALTHCARE, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVIEMED HEALTHCARE, INC.1
  • CIK0001729149
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inCanada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)8090 Services-Misc Health & Allied Services, NEC1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address625 E. Kaliste Saloom Rd., Lafayette, LA 705081
  • Phone337.504.38021
  • Shares outstanding38,088,228 as of Jul 27, 202611
  • Public float$238.8M as of Jun 30, 20254
  • AuditorErnst & Young LLP, New Orleans, Louisiana PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceFeb 1, 20181
  • Filings417 in all: 4 (173), 8-K (91), 10-Q (22), 4/A (19), 3 (13), SC 13G/A (13), 3/A (10), SC 13G (10)1
    All 34 form types

    10-K (7), DEF 14A (6), DEFA14A (6), S-8 (6), SCHEDULE 13G/A (6), CORRESP (5), 144 (3), ARS (3), UPLOAD (3), EFFECT (2), S-3 (2), SC 13D/A (2), SCHEDULE 13G (2), 10-12B (1), 10-12B/A (1), 10-K/A (1), 8-K/A (1), CERT (1), D (1), DRS (1), DRS/A (1), DRSLTR (1), PRE 14A (1), SC 13D (1), SCHEDULE 13D/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2026
    Quarterly report (10-Q) Aug 3, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Aug 20, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueVMDThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks VIEMED HEALTHCARE, INC. names in Item 1A of its 10-K filed Mar 4, 2026: 40 risks under these headings, as written.4

  • Risks Related to Our Industry and Business
  • We compete against companies that have longer operating histories and greater resources, which may result in reduced profit margins and loss of market share.
  • Reductions in reimbursement rates may have a materially adverse impact on the profitability of our operations.
  • Our reliance on only a few sources of reimbursement for our services could result in delays in reimbursement, which could adversely affect cash flow and revenues.
  • A reduction or elimination of coverage or reimbursement of our products by third-party payors, including Medicare, in the future could adversely affect our business and results of operations.
  • Our dependence on key suppliers puts us at risk of interruptions in the availability of the equipment we need for our services, which could reduce our revenue and adversely affect our results of operations.
  • We conduct all of our operations through our United States subsidiaries and our ability to extract value from these subsidiaries may be limited.
  • The failure to attract or to retain management or key operating personnel, including directors, could adversely affect operations.
  • We have significant ongoing capital expenditure requirements. If we are unable to obtain necessary capital on favorable terms or at all, we may not be able to execute on our business plans and our business, financial condition, results of operations, cash flows and prospects may be adversely affected.
  • We are subject to the risks of litigation and governmental proceedings, which could adversely affect our business.
  • Insurance and claims expenses could significantly reduce our profitability.
  • We rely significantly on information technology and any failure, inadequacy, interruption or security lapse of that technology, including any cybersecurity incidents, could harm our ability to operate our business effectively.
The other 29 risks
  • The integration of artificial intelligence (AI) technologies may introduce operational risks and challenges.
  • Disruptions in the credit and financial markets may have an adverse impact on our ability to obtain capital and financing for our operations.
  • Our strategic growth plan, which involves the acquisition of other businesses, may not succeed.
  • Adverse global macroeconomic conditions, including supply chain disruptions, tariffs, and fluctuations in foreign currency exchange rates, could negatively impact our operations, costs, and profitability.
  • Risks Relating to Government Regulation
  • Healthcare reform legislation and/or executive action may affect our business.
  • We are subject to extensive federal and state regulation, and if we fail to comply with applicable regulations, we could suffer severe criminal or civil sanctions or be required to make significant changes to our operations that could adversely affect our business, financial condition and operating results.
  • We expect the federal and state governments to continue their efforts to contain growth in Medicaid expenditures, which could adversely affect our revenue and profitability.
  • Revenue we receive from third-party payors as well as Medicare and Medicaid is subject to potential retroactive reduction.
  • As a result of post-payment reviews of claims we submit to Medicare and Medicaid for our services, we may incur additional costs and may be required to repay amounts already paid to us.
  • An economic downturn, state budget pressures, sustained unemployment and continued deficit spending by the federal government may result in a reduction in reimbursement and covered services.
  • Delays in reimbursement due to claims submission reimbursement processes may cause liquidity problems.
  • We depend in part upon reimbursement by third-party payors.
  • We face inspections, reviews, audits and investigations under federal and state government programs and contracts. These audits could have adverse findings that may negatively affect our business.
  • We are subject to extensive federal and state laws and regulations relating to the privacy and security of protected health information and failure to comply with such laws may increase our operational costs.
  • Our products may be subject to future rounds of Medicare's Competitive Bidding Program, which may negatively affect our business and financial condition.
  • CMS actions to impose temporary enrollment moratoria and heightened screening for certain DMEPOS supplier types could limit our ability to expand, pursue acquisitions, or maintain expected operational flexibility and could increase our compliance costs.
  • If CMS requires prior authorization for our products, our revenue and cash flow could be negatively impacted.
  • If we fail to comply with state and federal fraud and abuse laws, including anti-kickback laws, false claims acts, self-referral prohibitions, and anti-inducement laws, we could face substantial penalties and our business, operations and financial condition could be adversely affected.
  • The implementation of alternative payment models and the transition of Medicaid and Medicare beneficiaries to managed care organizations may limit our market share and could adversely affect our revenues.
  • We are subject to federal, state and local laws and regulations that govern our employment practices, including minimum wage, living wage, and paid time-off requirements. Failure to comply with these laws and regulations, or changes to these laws and regulations that increase our employment-related expenses, could adversely impact our operations.
  • Risks Related to our Common Shares
  • If we fail to establish and maintain proper disclosure controls and procedures or internal control over financial reporting, our ability to produce accurate financial statements and supplemental information, or comply with applicable regulations could be impaired.
  • The market price for our common shares may experience substantial volatility for reasons unrelated to our financial performance. This volatility may impact the price at which shareholders can sell their common shares.
  • The failure of our common shares to be included in various stock indices could result in the market for our common shares to become limited and volatile and the price at which you can sell your shares to decrease.
  • Future sales of our common shares in the public market could reduce our share price, and any additional capital raised by us through the sale of equity or convertible securities may dilute the ownership of existing shareholders.
  • We will incur increased costs as a result of operating as a U.S. public reporting company, and our management is required to devote substantial time to new compliance initiatives.
  • Because we have no current plans to pay cash dividends on our common shares, investors may not receive any return on their investment unless the value of our common shares appreciates.
  • Canadian laws differ from the laws in effect in the United States and may afford less protection to holders of our securities.
  • We cannot guarantee that we will repurchase our common shares pursuant to our share repurchase program or that our share repurchase program will enhance long-term shareholder value. Share repurchases could also increase the volatility
  • of the price of our common shares and could diminish our cash reserves.

Legal proceedings

From time to time, we may be subject to legal actions and other proceedings, including those that arise in the ordinary course of business, which may include employment matters, breach of contract disputes, as well as governmental and regulatory matters. Please read Note 9 to the Financial Statements, included in Part II, Item 8, of this Annual Report on Form 10-K for more information. Such matters are subject to uncertainties and outcomes that are not predictable with assurance and that may not be known for extended periods of time. In the opinion of management, the outcome of such matters is not expected to have a material adverse effect on our results of operations or financial condition.

The opening of Item 3, Legal Proceedings.4

Sources

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