RHE - 4 Healthcare Stocks Looking To Close Strong On Wednesday (1/23/19)
CORAL GABLES, FL / ACCESSWIRE / January 23, 2019 / The healthcare stock market has become a hotbed of conversation over the course of the past year or so, with headlines on the industry hitting the media on a consistent basis. It would seem the many companies in the space have risen to the challenge of designing new-fangled approaches to how consumers would otherwise receive primary care and treatment. With the sheer amount of buzz surrounding the healthcare sector, it stands to reason that companies looking to design and try new approaches to traditional care offerings, such as combining the complex medical applications of cannabis with integrative healthcare frameworks, could create potential opportunities. Premier Health Group (PHGRF) (PHGI), Microbot Medical Inc (NASDAQ: MBOT), eHealth Inc (NASDAQ: EHTH), and Regional Health Properties Inc (NYSE American: RHE) represent four healthcare companies determined to invest in the future wellbeing of consumers.
Premier Health Group (PHGRF) (PHGI) is a company focused on redesigning how medical care is received and implementing nuanced practical applications for cannabis products in the healthcare space. In recent months, the Company has focused its efforts on investing in companies and products to bring together cannabis and healthcare in a relationship meant to offer patients nuanced treatment options for a variety of ailments.
Premier Health Group (PHGRF) (PHGI) announced towards the end of last week that, in an effort to further its international expansion strategy, it has entered into a strategic partnership with China's 360 Health, a healthcare subsidiary of 360 Security Technology. The parent company, 360 Security Technology, is a leading online service company in China with a market capitalization of over $20 billion USD as of January 16, 2019. As part of the collaboration, Premier and 360 Health will implement an infrastructure whereby Premier will be providing second opinion services by connecting 360 Health's patients in China with doctors in Canada both remotely and in person. Premier will also assist with General Practitioner training virtually and onsite through medical seminars.
In response to this announcement, Dr. Essam Hamza, CEO of Premier, said, "We are very excited to be working with 360 Health as China continues to adopt a Family Practice primary care model and look forward to helping them establish themselves as a leader in primary care. This partnership represents an excellent opportunity for Premier to tap into the fastest growing telemedicine market globally."
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Microbot Medical Inc (MBOT) wowed investors earlier this month when they demonstrated an activated Self-Cleaning Shunt during several one-on-one investor and analyst meetings in San Francisco, which occurred during the same week as the JP Morgan healthcare conference.
Following the success of their demonstrations, Harel Gadot, Chief Executive Officer and Chairman of Microbot, said, "following our recent successful lab and pre-clinical testing of the SCSTM, coupled with the progress we made with the development of our SCSTM device, we are pleased to see the enormous interest and positive feedback from the professional community as we start exposing them to the device."
For More Information On Microbot Medical Inc, Click Here
eHealth Inc (EHTH) saw impressive gains on Wednesday as its company shares jumped 10.69% in the late-afternoon, trading at $50.32 per share. The uptick in their share prices may be a result of momentum gained from their announcement yesterday, at which time the company announced that it intends to offer and sell, subject to market and other conditions, 2,000,000 shares of its common stock in an underwritten public offering pursuant to eHealth's existing shelf registration statement. In connection with this offering, eHealth expects to grant the underwriters a 30-day option to purchase up to 300,000 additional shares of common stock. eHealth intends to use the net proceeds of the offering for general corporate purposes, including working capital.
For More Information on eHealth Inc, Click HereRegional Health Properties Inc (RHE), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, saw its shares soar 21.62% on Wednesday, trading at $1.35 per share towards the end of the afternoon.
The Company announced at the tail-end of December 2018 that, at their most recent annual meeting of shareholders, the Company's shareholders approved a proposal to amend Regional's Articles of Incorporation to effect a reverse stock split of the Company's common stock at a ratio of between one-for-six and one-for-twelve as determined by Regional's Board of Directors.
For More Information On Regional Health Properties Inc, Click Here
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