I think the location they chose is a great one just to dip their toes into aggressive expansion mode. Yeah, Touchpoint wasn't generating a whole lot of revenue (like only $1+ million), but they got it cheap, it's in a great location where they were already doing business, and I'm sure they've been utilizing any and all of their connections in the area to help attract new customers/patients to the location.
Next month we'll find out what we can truly expect from the new location in terms of revenue each month for the rest of the year. I'm going in with low expectations, but maybe we'll be surprised.
I doubt management uses CV again for expansion purposes. They certainly couldn't do it at this price level, or we would see another big price drop. I think the hiring of the investment banking firm is a good sign that the'll opt to go for a more traditional financing route, but we'll see.
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