VCRA - Vocera rises 3% as BTIG initiates coverage at Buy

Vocera Communications (VCRA) is 3.3% higher after an initiation at Buy by BTIG, citing strength of its platform in healthcare communications. The company's B3000 badge, smartphone, Care-Experience suite and software portfolio allows doctors and nurses to communicate directly, without beepers and overhead pages. Also, Care-Experience "improves pre-registration and post-acute processes, Engage can be used as middleware to connect devices and products throughout a hospital and Ease can be used to facilitate patient-to-family communications." That's a solid solution that was described by one prominent health system CIO as the "Cadillac" of wireless communication and care coordination platforms in hospitals, the firm notes. "While hospital volumes came under pressure in 2020 due to the pandemic, we're impressed that sales and deal-flow for Vocera actually seem to have increased," analyst David Larsen writes, saying hospitals seem to view the hands-free badges as "personal protective equipment," used to keep masks, gloves and other protective

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Vocera rises 3% as BTIG initiates coverage at Buy