CORAL GABLES, FL / ACCESSWIRE / December 19, 2018 / Consumers today are more demanding than previous generations. With the advent of companies created to not only meet the needs and expectations of customers, but to create products and services tailored to the specific qualifications of each customer, other industries have recognized this trend and acted accordingly. From data and analytics, to improved treatment options for patients, advancements in the health care sector may indicate the industry is on the precipice of massive success. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Eyenovia Inc (EYEN), Teladoc Inc (TDOC), and Allscripts Healthcare Solutions, Inc. (MDRX), are four healthcare stocks worth paying attention to the healthcare industry presses onward.
Premier Health Group, Inc (OTC:PHGRF) (CSE:PHGI) a company that is dominating the telehealth sector of the healthcare industry, has seen a strong month of bullish trading, with shares of the company climbing as much as 31% in a 30-day period. The Company has enjoyed impressive growth following their announcement earlier this week regarding the company's signing into a binding LOI to acquire all of the outstanding securities of Cloud Practice Inc.
Earlier this month, Premier Health Group, Inc (OTC:PHGRF) (CSE:PHGI) announced that as part of its growth strategy to cover the major verticals associated with primary care, it has signed a binding LOI to acquire a Vancouver, British Columbia based pharmacy. The acquisition is subject to customary closing conditions, including execution of a definitive acquisition agreement and receipt of any required regulatory and stock exchange approvals.
"We are excited for this opportunity to acquire our first pharmacy, and thereafter being able to prepare and deliver prescription and non-prescription pharmaceuticals and other health products to patients. In doing so, the pharmacist will play an integral role in our team-basedpatient centric model," said Dr. Essam Hamza, CEO of Premier. "Premier has engaged with patients, pharmacies and technology providers to not only introduce pharmacy services as a component of our comprehensive telemedicine app, but also to explore and implement efficiencies in fill and fulfillment."
Eyenovia, Inc., a clinical stage ophthalmic biopharmaceutical company, announced the price point of its underwritten public offering of 1,200,000 shares of common stock at an offering price of $2.45 per share, according to an official press release from the Company. Additionally, per the press release, Eyenovia granted the underwater a 45-day option to purchase up to an additional 180,000 shares to cover over-allotments.
As far as Eyenovia's plans for how they will use the net proceeds from the offering, the Company intends to use said funds to initiate Phase III clinical trials for MicroPine and MicroPost, two of its more promising development programs.
Following the recent uptick in healthcare stocks, shares of Teladoc Health (TDOC) remained consistently high during Wednesday trading. The company has been received significant notoriety from shareholders and medical professionals alike due to its integration of innovative telehealth technologies, expert medical services, AI and analytics, to champion a top-of-market product for its massive member-network.
Indicative of the company's commitment to maintaining a supportive, professional leadership team, Teladoc announced on Wednesday that Mark Hirschhorn, the company's executive vice president, chief operating officer, and chief financial officer would resign effective January 1, 2019.
"The Board and I appreciate Mark's contributions, and we support his decision," said Teladoc Health CEO Jason Gorevic.
Allscripts Healthcare Solutions, Inc. (MDRX) enjoyed a 3% boost in its shares in midday trading on Wednesday, with shares trading at $10.08 per share. Last week, the company announced that it had signed a definitive agreement to sell its interests in Netsmart Technologies, Inc. Following this decision, the momentum has carried the company's shares upward.
According to the company, in March 2016, Allscripts offered its homecare business to Netsmart, in exchange for the largest ownership stake in the company which has now become the largest technology company exclusively dedicated to behavioral health, human services and post-acute care."
Allscripts President Rick Poulton teased the sale during the company's second-quarter call in August 2016: "We took further steps to position ourselves to unlock value for shareholders through monetizing our investment in Netsmart. After researching and discussing several possible alternatives, we began detailed negotiations with multiple parties on the sale of our interest."
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