InvestorsHub Logo
Followers 292
Posts 7006
Boards Moderated 0
Alias Born 11/30/2013

Re: None

Friday, 01/08/2016 9:47:38 AM

Friday, January 08, 2016 9:47:38 AM

Post# of 88
No Dilution And A Merger To Boot!!

Here's some Due Diligence on Southern Home Medical (SHOM) as of today:

Trading @ .0009. Thin all the way to .002.

Outstanding Shares: 786,509,863

Float: 462,417,400

Revenue: Over $1,000,000 in annual sales

Debt: No debt other than what is required as part of daily operations

Currently Operates two companies:

ApneaRX - http://apnearx.net/

Encore Medical Staffing - http://encoremedicalstaffing.com/

The company has 14 company and franchise locations based on the link below:

http://encoremedicalstaffing.com/locations/

Based on the most recent press release, the company plans to expand its reach with Encore Medical Staffing and open additional locations in 2016.

SHOM is the Franchisor for this brand.

The revenue looks to be a combination of three things:

ApneaRX medical equipment revenue, Encore company revenue and Encore franchise royalties.

Best of all, contrary what we’ve all been used to seeing lately at this trading level, this company has no toxic debt of any kind that might jump up and bite us somewhere down the road.

And now they are looking to expand with the addition of another brand or brands per the press release below:

December 16, 2015 09:00 ET

Southern Home Medical Aggressively Pursing Merger/Acquisition Targets
GREER, SC--(Marketwired - Dec 16, 2015) - Southern Home Medical, Inc. (OTC PINK: SHOM), a holding company providing healthcare services, staffing and medical equipment to medical institutions, facilities and in-home patients, announced today their intention to pursue merger and/or acquisition targets in the medical industry.
"Our position for growth and acquisition has never been better than right now," stated Jeffrey L. Sarvis, President & CEO of Southern Home Medical, Inc. "We are generating well over one million in annual revenue with little to no debt, other than daily operations, and we are cash flowing nicely. The timing is right for a candidate who is a proven operator and will blend seamlessly with the businesses that we currently operate."

Southern Home Medical owns and operates ApneaRx, a medical equipment provider for both in-home patients and medical facilities. Southern Home Medical also operates a very successful nurse staffing agency branded as Encore Medical Staffing. The company currently has company-owned and franchise locations across the Southeastern United States. The company plans to expand its reach and revenue base even further next year by ramping up the growth of the nurse staffing business.

Mr. Sarvis went on to say, "The ideal merger or acquisition candidate would be a business or businesses that have proven track records, potential for growth, are looking to expand and are scalable. The benefit of operating as a publicly traded company includes the ability to raise funds for expansion. We have been pleased with the expansion and growth of Encore thus far internally, and we're ready to add additional businesses that would offer synergies to our already existing business portfolio."

When pressed, Mr. Sarvis stated, "Yes, we already have a few candidates in mind."

Mr. Sarvis finished up by saying, "We want our investors to know that our share structure will remain intact. We will only increase the number of common or preferred shares of our company with the interest of the business and shareholders in mind. In other words, we are not the type of company that you typically see trading at our level that max out shares for the benefit of management. If you ever see an increase in the shares of Southern Home Medical, you can count on the fact that it was in the best interest of the business and the shareholders…period. This is an exciting and pivotal time in the growth and development of our company and I just want to reassure our shareholders that we will always do what is right on their behalf."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.