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Nuveen Takes Stake in Quipt Home Medical Corp. (QIPT)
Yahoo Financeยท 2025-09-21 13:17
Group 1 - Quipt Home Medical Corp. (NASDAQ:QIPT) is identified as a fundamentally strong penny stock with recent investment interest from Nuveen LLC, which acquired 150,046 shares valued at approximately $350,000, representing nearly 0.35% ownership of the company [1] - The company is enhancing its growth through strategic partnerships, recently completing a venture transaction with three health systems and two hospitals [2] - Quipt's acquisition of Hart Medical Equipment for $17.4 million results in a 60% ownership interest, with the remaining shares held by several health systems, contributing to stabilized revenue and adjusted EBITDA while creating additional growth opportunities [3] Group 2 - Quipt Home Medical Corp. is based in Kentucky and specializes in providing durable and home medical equipment, focusing on high-quality home care solutions such as nebulizers and invasive ventilation [4]