Centric Health, $0.33, symbol CHH on Toronto (Shares outstanding: 153.0 million; Market cap: $49.7 million; www.centrichealth.ca), is a health care services provider operating in five main areas: physiotherapy, pharmacy, surgical and medical centres, assessments, and medical equipment.
In the three months ended September 30, 2013, Centric’s revenue rose 3.0%, to $110.6 million from $107.4 million a year earlier. The company lost $0.30 a share, compared to a loss of $0.05 a share. However, cash flow per share was positive, at $0.05, compared to $0.04 a year ago.
The company aims to continue its aggressive acquisition strategy.
For example, it just bought a 75% stake in SmartShape Weight Loss Centres, a provider of gastric-bypass weight loss surgery in Mississauga, Ontario. Dr. Chris Cobourn will continue to hold the remaining 25% of SmartShape and will oversee the expansion of these procedures into Centric’s facilities in Vancouver, Calgary, Winnipeg, Toronto and Sarnia.
Centric’s revenue is growing, and its cash flow is positive. However, its growth-by-acquisition…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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