4 Healthcare Stocks Looking To Finish Strong On Wednesday (1/30/19)
CORAL GABLES, FL / ACCESSWIRE / January 30, 2019 / The healthcare stock market's success is largely dependent on companies in the space recognizing that, in order to meet the growing demands of consumers, they must take innovative approaches to create new forms of effective treatment and other necessary care options. Like companies in other sectors, the healthcare industry is integrating new technologies into their care offerings, resulting in an increase in public support and investor excitement. As more headlines emerge surrounding innovative companies putting their skills to the test in the healthcare sector, this may work to catalyze potential opportunities for those interested in the space. Premier Health Group (PHGRF) (PHGI), China SXT Pharmaceuticals Inc (SXTC), eHealth Inc (EHTH), and Ekso Bionics Holdings Inc (EKSO) represent four healthcare companies determined to provide the best quality of care for consumers in need.
Premier Health Group (PHGRF) (PHGI) is a company focused on developing nuanced approaches that combine human skill-based expertise with state-of-the-art technologies used throughout the healthcare industry to create the best-possible care solutions for their growing patient network.
The Company has seen impressive gains over the last few months as a result of momentum gained from several key strategic investments meant to demonstrate to both investors and consumers that the Company is determined to invest in the future of its customers.
Premier Health Group (PHGRF) (PHGI) announced earlier this week that, further to its new release dated January 10, 2019, the Company has acquired all outstanding securities of Cloud Practice Inc. As a result of the acquisition, Cloud Practice's Founders, including CEO Jordan Visco, and entire support team, consisting of several software developers and sales staff, will join and work alongside the Premier Health team to offer tools and resources providing for better efficiency on a day-to-day basis for both physicians and customers.
Per the official details of the agreement, Premier will pay to the Cloud Practice shareholders total consideration of up to $5 million, $2 million dollars in cash to be paid out as follows: (i) $500,000 paid in cash on signing of the binding LOI as a refundable deposit, (ii) $500,000 in cash payable on closing, (iii) $500,000 in cash payable 90 days after closing, (iv) $500,000 in cash payable within six months of the LOI subject to the satisfaction of certain milestones related to the integration of the Juno EMR, and $3 million payable in common shares of Premier at a deemed price of $0.76 per share.
Dr. Essam Hamza, CEO of Premier Health Group (PHGRF) (PHGI), commented, "we are very excited to have completed this acquisition and to have the experienced team at Cloud Practice join the team at Premier Health. With this acquisition, we now have a medical software company with national reach. Thus, enabling us to build on our patient-centric technology platform that will integrate telemedicine, online booking, and other premium services with our electronic medical records (EMR) system."
For More Information On Premier Health Group, Click Here
China SXT Pharmaceuticals Inc (SXTC), a specialty pharmaceutical company focused on the research, development, and manufacturing of traditional Chinese medicine, announced earlier this month the final closing of its initial public offering on January 3, 2019. According to the announcement, together with the first closing on December 31, 2018, the Company raised approximately $10.2 million in gross proceeds, before deducting underwriting discounts, commissions, and other offering expenses, by issuing 2,546,275 ordinary shares at a public offering price of $4.00 per share.
The Company has said that it plans on using the proceeds from the offering primarily for expanding its manufacturing facility, recruiting additional employees, as well as research and development of new drug candidates.
For More Information On China SXT Pharmaceuticals Inc, Click Here
eHealth Inc (EHTH), which owns eHealth.com, a leading online health insurance exchange, announced earlier this week on the closing of its previously announced underwritten public offering of 2,760,000 shares of its common stock, which includes the exercise in full of the underwriters' option to purchase 360,000 additional shares of common stock, at a price to the public of $48.50 per share.
Per the details of the offering, net proceeds from the offering were approximately $126.2 million after deducting underwriting discounts and commissions and the estimated expenses of the offering. The Company intends to use the net proceeds for general corporate purposes.
For More Information on eHealth Inc, Click Here
Ekso Bionics Holdings Inc (EKSO) enjoyed impressive gains on Wednesday as its shares soared 14.72%, trading at $1.87 per share. The share increase may very well be connected to the fact that the Company today announced that its wholly-owned subsidiary, Ekso Bionics, Inc., has entered into an agreement with Zhejiang Youchuang Venture Capital Investment Co., Ltd (ZYVC) and another partner to establish a joint venture designed to develop and serve the exoskeleton market in China and other Asian markets and to create a global exoskeleton manufacturing center.
Following the announcement of the JV, Jack Peurach, president and CEO of Ekso Bionics commented, "this joint venture is a transformative opportunity both for Ekso Bionics and for the millions of Chinese stroke and spinal cord injury patients who currently have limited access to advanced rehabilitation technologies. This joint venture positions us to become the leader in both medical and industrial exoskeletons in China."
For More Information On Ekso Bionics Holdings Inc, Click Here
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