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Who Really Owns Quipt Home Medical Corp.?
Unraveling the ownership of Quipt Home Medical Corp., formerly Protech Home Medical Company, is key to understanding its trajectory in the competitive home medical equipment sector. This company, now a significant player in respiratory homecare across 26 US states, has undergone a fascinating transformation since its inception. Understanding the financial landscape begins with knowing the stakeholders.
From its Canadian roots as 730285 Alberta Inc. to its current status as a publicly traded entity, Quipt Home Medical's ownership structure reflects its ambitious growth strategy. This analysis will explore the evolution of Protech Home Medical SWOT Analysis, from early investors to the impact of its Nasdaq listing, providing a clear picture of who controls this home medical equipment company. Discover the key players shaping the future of Protech Medical and its strategic direction.
Who Founded Protech Home Medical?
The specifics of the founders and early ownership structure of Protech Home Medical Corp. are not readily available in the provided information. The company's early history involves two key milestones: its initial incorporation and a subsequent reverse takeover. Understanding the initial ownership would require looking into the stakeholders of both the original entity and the company it acquired.
Protech Home Medical, initially incorporated on March 5, 1997, in Alberta, Canada, as 730285 Alberta Inc., underwent a significant transformation. This transformation included a reverse takeover on June 1, 2010, acquiring PHM DME Healthcare Inc., and changing its name to Patient Home Monitoring Corp. Further evolution saw the company continuing into British Columbia on December 30, 2013.
While the exact equity splits and early backers are not detailed, the company's focus from the start was on providing in-home monitoring equipment, supplies, and services. The goal was to increase shareholder value through service expansion and strategic acquisitions. Detailed information about early agreements or disputes is not available in the provided documents.
Early Incorporation
Protech Home Medical was initially incorporated in Alberta, Canada, on March 5, 1997, as 730285 Alberta Inc.
Reverse Takeover
A reverse takeover occurred on June 1, 2010, with the acquisition of PHM DME Healthcare Inc.
Name Change
Following the reverse takeover, the company changed its name to Patient Home Monitoring Corp.
Expansion
The company expanded its operations into British Columbia on December 30, 2013.
Core Business
The primary focus was on providing in-home monitoring equipment, supplies, and services.
Strategic Goal
The company aimed to create shareholder value through service expansion and acquisitions.
The ownership structure of Protech Home Medical, including who owns Protech Home Medical, has evolved over time, particularly following the reverse takeover and subsequent expansions. The company's history suggests a strategy focused on growth through acquisitions and expanding its service offerings in the home medical equipment company sector. For more detailed information, including the current ownership structure and any recent acquisitions, you might consult recent financial filings or investor relations materials. You can also find more information on the company's history and strategy in this article about Protech Home Medical 0.
Key Takeaways
Understanding the early ownership of Protech Home Medical is crucial for grasping its evolution.
- The company's initial incorporation was in Alberta in 1997.
- A reverse takeover in 2010 significantly changed the company's structure.
- The company expanded into British Columbia in 2013.
- The focus was on in-home medical services and equipment.
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How Has Protech Home Medical’s Ownership Changed Over Time?
The ownership of what is now Quipt Home Medical Corp. has seen several key shifts over the years. Initially founded in 1997, the company went through a reverse take-over in 2010 and became Patient Home Monitoring Corp. A significant change occurred in December 2017 with the spin-out of Viemed Healthcare, Inc. The company then rebranded to Protech Home Medical Corp. in May 2018. The most recent transformation happened on May 13, 2021, when Protech Home Medical Corp. officially became Quipt Home Medical Corp. and listed its shares on the Nasdaq Capital Market and the Toronto Stock Exchange under the symbol 'QIPT'.
These changes reflect the company's growth and evolution in the home medical equipment sector. Understanding the history of the company's ownership is crucial for investors and stakeholders. The evolution from a private entity to a publicly traded company has opened up new avenues for investment and strategic partnerships, influencing the company's overall direction and financial performance. The evolution of the company is a key element of the Marketing Strategy of Protech Home Medical.
| Date | Event | Impact on Ownership |
|---|---|---|
| 1997 | Incorporation | Initial private ownership |
| 2010 | Reverse Take-Over | Name change to Patient Home Monitoring Corp. |
| December 2017 | Spin-out of Viemed Healthcare, Inc. | Continued as Patient Home Monitoring Corp. |
| May 2018 | Name Change | Became Protech Home Medical Corp. |
| May 13, 2021 | Became Quipt Home Medical Corp. and IPO | Publicly traded; shares listed on Nasdaq and TSX |
As a publicly traded company, Quipt Home Medical Corp.'s major stakeholders include institutional investors, mutual funds, and individual insiders. As of June 13, 2025, there are approximately 43.4 million shares outstanding. SEC filings, such as Schedule 13D/A filings from May and June 2025, reveal significant acquisitions of beneficial ownership, indicating active involvement from major shareholders. The company's strategy of acquiring durable medical equipment (DME)/home medical equipment (HME) providers also impacts ownership, often involving a mix of cash and share considerations. For example, the acquisition of Sleepwell, LLC in October 2020 involved both cash and share consideration. The company's primary goal remains creating shareholder value through organic growth and strategic acquisitions.
Key Takeaways on Protech Home Medical Company Ownership
Quipt Home Medical Corp. has evolved significantly in its ownership structure, from a private entity to a publicly traded company.
- The company's major stakeholders include institutional investors, mutual funds, and individual insiders.
- Acquisitions of DME/HME providers influence the ownership structure through cash and share considerations.
- The company focuses on organic growth and strategic acquisitions to create shareholder value.
- Understanding the ownership evolution provides insights into the company's strategic direction and financial performance.
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Who Sits on Protech Home Medical’s Board?
The current board of directors of Quipt Home Medical Corp., formerly known as Protech Home Medical Corp., plays a vital role in the company's governance and strategic decisions. As of September 29, 2024, the leadership team includes Gregory Crawford as Chairman, President, and Chief Executive Officer. Other key members are Hardik Mehta (Chief Financial Officer), Thomas Roehrig (Chief Accounting Officer), William Zehnder (Chief Strategy Officer & Investor Relations), and Mark Miles (Chief Compliance Officer).
The board of directors comprises Gregory Crawford (Chairman), Mark Greenberg (Lead Independent Director), Kevin Carter (Independent Non-Executive Director), and Brian Wessel (Independent Director). Steven Axelrod and Jim Booth are listed as Members of the Board of Advisors. The average tenure of the management team is 7.3 years, and the board of directors is 7.4 years, demonstrating a seasoned leadership structure. Understanding Protech Home Medical Company ownership involves looking at these key figures and their roles within the organization.
| Leadership Role | Name | Title |
|---|---|---|
| Chairman, President & CEO | Gregory Crawford | Chairman, President, and Chief Executive Officer |
| Chief Financial Officer | Hardik Mehta | Chief Financial Officer |
| Chief Accounting Officer | Thomas Roehrig | Chief Accounting Officer |
The voting structure at Quipt Home Medical Corp. generally follows a one-share-one-vote principle for its common shares. Gregory Crawford, the CEO, directly owns 7.07% of the company's shares as of September 29, 2024, which is worth approximately CA$7.62 million. This substantial ownership provides him with significant voting power. The company's constating documents and British Columbia law include provisions that could make an acquisition more challenging, potentially protecting the current management from shareholder actions. To learn more about the company's background, consider reading the Brief History of Protech Home Medical.
Understanding Protech Home Medical Ownership
The ownership structure of Protech Home Medical is centered around key figures like the CEO, who holds a significant percentage of shares. This concentration of ownership can influence the company's strategic direction and decision-making processes.
- The CEO's substantial shareholding grants considerable voting power.
- The board of directors' composition reflects experienced leadership.
- The company's governance structure may include provisions to protect current management.
- Understanding Protech Medical ownership is key to evaluating the company.
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What Recent Changes Have Shaped Protech Home Medical’s Ownership Landscape?
Over the past few years, the company, now known as Quipt Home Medical Corp., has actively pursued acquisitions to expand its presence in the home medical equipment (HME) sector. This strategy has significantly shaped the ownership landscape of the company. For instance, the acquisition of Health Technology Resources, LLC in August 2020, added roughly $5.5 million in annual revenue, while the Sleepwell, LLC acquisition in October 2020 contributed approximately $13.0 million in annual revenue. These moves underscore a focus on consolidating within the HME market.
A pivotal shift occurred on May 13, 2021, when the company changed its name from Protech Home Medical Corp. to Quipt Home Medical Corp., accompanied by a share consolidation and a NASDAQ Capital Market listing application. This strategic rebranding aimed to support national expansion and enhance market visibility. As of June 13, 2025, Quipt Home Medical's market capitalization is $87.2 million, with 43.4 million shares outstanding. These changes reflect the company's evolving ownership structure and strategic direction.
| Metric | Value | Date |
|---|---|---|
| Market Capitalization | $87.2 million | June 13, 2025 |
| Shares Outstanding | 43.4 million | June 13, 2025 |
| Annual Revenue (Health Technology Resources, LLC) | Approximately $5.5 million | August 2020 |
| Annual Revenue (Sleepwell, LLC) | Approximately $13.0 million | October 2020 |
The trend of increased institutional ownership and consolidation within the fragmented home medical equipment market aligns with Quipt's acquisition-driven growth strategy. In May 2024, the company announced an equity buyback plan, reflecting efforts to enhance shareholder value. Recent developments in May 2025 include a non-binding acquisition proposal from Forager Fund, L.P. for approximately $140 million, which the company confirmed receiving, indicating continued interest and potential future ownership changes. To understand the company's target market, you can read more here: Target Market of Protech Home Medical.
Ownership Trends
Quipt Home Medical Corp. has shown a clear trend of strategic acquisitions over the last few years to expand its reach. These acquisitions have been integral to the company's growth strategy.
Recent Developments
The company's name change and NASDAQ listing application reflect its ambition for national expansion. They are also focused on enhancing shareholder value.
Future Outlook
The proposal from Forager Fund, L.P. highlights potential ownership changes. The company is focused on strategic priorities for 2025.
Market Dynamics
The home medical equipment market is experiencing increased institutional ownership. Consolidation is a key trend in the industry.
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