Saturday September 20, 2014

QUESTION OF THE WEEK

  • What type of housing development would you like to see replace the East View Lodge building?
  • Assisted living
  • 52%
  • Personal care home
  • 6%
  • Low-income housing/apartments
  • 42%
  • Other
  • 0%
  • Total Votes: 31





'Grey Tsunami' Creates Surge in Physiotherapy Growth

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Agility Health Consolidates a Profitable but Fragmented

                            Industry

VANCOUVER, British Columbia, Aug. 12, 2014 (GLOBE NEWSWIRE) -- David

Cole (54), a Seattle businessman, still plays competitive soccer and

that is taking a toll on his body. "In the last three year years I've

torn a quad muscle, a calf muscle and a tendon in my shoulder,"

explains Cole, "This has required multiple trips to the

physiotherapist".

Aging athletes are a key part of the "Grey Tsunami" that is flowing

into Rehab and Physiotherapy Clinics across the U.S. The $31 billion

market is growing at an annual rate of 6.1%.

Agility Health (TSX-V:AHI) has carved out a profitable niche in this

space, and the company has just announced a "transformative" deal which

is expected to increase annual revenues from about $65 million to pro

forma revenues exceeding $100 million. The current market cap of

Agility ($40 million) has not factored in the significant anticipated

revenue bump ($39 million) from the new acquisition.

The total acquisition consideration of $20.8 million cash is less than

5x the anticipated pro forma EBITDA of the entity and would expand

Agility Health operations to more than 200 sites across 26 states with

more than 1,800 employees providing services for approximately 2

million patient visits per year. The acquisition of the target will be

immediately accretive to Agility's earnings.

"The target company complements a key area of strategic growth," stated

Davidson, "It's a line of business that we are looking to further grow

in, and to specialize in. We believe we can advance their existing

client relationships for both company's benefit."

Agility Health currently operates 74 outpatient or onsite

rehabilitation locations in 17 states. The company also contracts

rehabilitative services to 41 hospitals and inpatient rehabilitation


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