Patient Home Monitoring Announces Another Record Quarter of Revenue and Profit, Reports 194% Annualized Quarter-Over-Quarter Increase in Revenue Growth

LOS ANGELES, CALIFORNIA--(Marketwired - Aug. 31, 2015) - /P>

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Patient Home Monitoring (PHM) (TSX VENTURE:PHM), a profitable company focused on rolling-up annuity-based healthcare service companies in the US and Canada, today announced the 9^th consecutive quarter of revenue and profit growth. The company also provided highlights of its financial results for the third quarter of fiscal 2015 ending in June.

FYQ3 2015 Highlights

Growth Milestones

• Completed more than $167 million in transactions for the Quarter.
  • Completed $67,275,000 equity financing, building the balance sheet for further acquisitions and organic growth.
  • Closed a $100,175,545 acquisition of Sleep Management, a company with annualized revenues of $42,500,000 and EBITDA margins in excess of 30%.
• Increased annualized run-rate revenues to $116,000,000 in June compared to $62,148,000 in March.
• Appointed Casey Hoyt as Chief Executive Officer.

Increased Revenue

• Revenue for the quarter rose to $19,354,728, a 48% increase from the previous quarter and a 255% increase year over year.
  • Revenues included only 1 month of Sleep Management.

Improved Profitability

• Net income before stock-based compensation, transactional and non-recurring costs rose to $3,452,620⁽²⁾, a 113% increase from the previous quarter and a 285% increase from the same quarter last year. ⁽³⁾
• Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) ⁽¹⁾ before transactional and nonrecurring cost rose to $4,600,591⁽²⁾, a 61% increase from the previous quarter.⁽³⁾

Full results are available on sedar.com.

PHM is rolling-up a large and fragmented market of small, profitable businesses providing healthcare products and services to chronically ill patients. The companies are acquired for their technical and market expertise in certain product and service lines, as well as their patient databases. Once acquired, PHM works to offer these newly acquired services to its entire patient base, thereby increasing revenue per patient and achieving organic post acquisition revenue growth and profits.