St. Joseph Inc (OTCMKTS:STJO) Stock On Radar Acquisition News
Leading provider of specialty medical equipment, medical devices, nutrients, and medical supplies, St. Joseph Inc (OTCMKTS:STJO) announced the acquisition of Vital Touch. A HIPAA “Health Insurance Portability and Accountability Act” certified call center, it specializes in Remote Patient Monitoring services for clinics, Doctors,and home health companies.
Trading Data
On Thursday, STJO stock ended flat at $0.1480 with more than 1K shares, compared to volume of 6.48K shares. The stock moved within a range of $0.1480 – 0.1480 after opening trade at $0.1480.
St. Joseph Inc. Expands Healthcare Services with Acquisition of Vital Touch
The acquisition strengthens the firm’s position as an innovator and leader in integrated healthcare solutions. Further, it will also make the subsidiary firms more robust and give extra opportunities for growth and sales.
With the acquisition, Vital Touch becomes a part of St. Joseph’s wholly-owned companies offering a wide range of Chronic Care Management, Remote Patient Monitoring, Patient Care Management as well as Remote Therapeutic Management services. The companies are aiming at delivering innovative solutions to ameliorate patient outcomes as well as enhance healthcare delivery.
A joint venture born due to the partnership between two distinguished companies, HavYama and ServerPlus, Vital Touch’s acquisition aligns with St. Joseph’s goal of increasing shareholder value.
Patrick Lewis, CEO of St. Joseph said that the addition of Vital Touch is an important step in the company’s market independence and growth. Lewis added that the established network and exceptional management of Vital Touch will be invaluable for the organization. The CEO also added that the company will also retain profits and expertise internally.
