BlockQuarry Corp. (OTC:BLQC) Announces Expansion in Healthcare Footprint with Strategic Acquisitions
Market Action
On October 8, BlockQuarry Corp. (OTC:BLQC) was in action as the stock ended higher by 4% to close at $0.043 with more than 175K shares traded hands, compared to its average volume of 300K shares. . The stock opened at $0.0430 and moved within a range of $0.0420–0.0450.
The Big Reveal
The company announced that it had been successful in completing the acquisitions of a pair of settled home healthcare firms, Paradigm Home Health LLC and Telecare Home Health LLC. The move from BlockQuarry Corp. was a strategic one aimed at strengthening the company’s established operations in the healthcare sector.
In the news release, the company also noted that the acquisitions would also boost its capabilities in artificial intelligence-powered innovations and bring about improvement in patient outcomes by way of clinical trials as well as data analytics.
Potential Growth
The pair of acquisitions would not only lead to considerable growth in BlockQuarry Corp.’s patient base but also provide the company with access to key patient data. It would lead to the creation of certain synergies that would boost operation growth and also improve the quality of the company’s offerings.
It was also noted that the two companies already generated in excess of $1 million in yearly revenues, and that placed BlockQuarry Corp. in a strong position to continue its growth in the healthcare industry. The acquisitions could be vital to the long-term strategic vision of the company in the healthcare sector.
Key Quote
“These acquisitions are key steps in our long-term vision to strengthen BlockQuarry’s position as an innovator in healthcare solutions. By combining our expertise in AI with the capabilities of Telecare and Paradigm, we’re accelerating clinical trial development and reshaping patient care,” said Alonzo Pierce, chairman and president of BlockQuarry Corp.
Traders Notes
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