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BRIEF-Patient Home Monitoring executes definitive purchase agreement to acquire Patient-Aids Inc. of Ohio

Published 2015-09-02, 09:11 a/m
© Reuters.  BRIEF-Patient Home Monitoring executes definitive purchase agreement to acquire Patient-Aids Inc. of Ohio
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Sept 2 (Reuters) - Patient Home Monitoring Corp PHM.V :
* Executes definitive purchase agreement to acquire Patient-aids inc. of Ohio;
increase of $17 million in annualized revenue
* Acquisition is expected to increase phm's revenues by more than 10%, as well
as increase phm's overall EBITDA margins
* Says acquisition is accretive and is expected to have an immediate and
positive impact on earnings per share
* Says will acquire all stock of Patient aids, inc. for about $32 million and 2.7 million phm common shares

* Source text for Eikon ID:nCCN3Y3xBZ

* Further company coverage PHM.V

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