- The company had record revenues and expects 2022 revenues to be 20 per cent higher than 2021
- Design and construction permitting are underway for the company’s flagship imaging clinic in Toronto
- The company expects this new location to open in the spring of 2023
- LevelJump’s acquisition of IHFs in Calgary is expected to close in the first half of 2023 and increase company revenues by over $4.5 million per year
- Once the pending acquisitions are closed and the new IHF centre is operational, the company expects to almost double revenues on a trailing twelve-month basis
- LevelJump Healthcare is a healthcare company with a focus on profitable telehealth solutions
- LevelJump Healthcare Corp. (JUMP) opened trading at C$0.075
LevelJump Healthcare Corp. (JUMP) has provided updates on its business plans.
Since acquiring three independent health facilities (IHF) early last year, the company has been working to modernize operations and increase revenues at the locations. Since acquiring the clinics, the company has increased revenues, expanded its doctor referral outreach and streamlined workflow processes.
In December 2022, the company purchased an IHF license in Toronto and announced a lease for a new flagship imaging clinic at the Yonge Sheppard Centre. Design and construction permitting are underway, and medical equipment has been ordered. The company expects this new location to open in the spring of 2023.
In November, LevelJump Healthcare (JUMP) subsidiary, Canadian Teleradiology Services, opened a new x-ray and ultrasound center in North York, Ontario.
In late 2022, LevelJump signed an agreement to purchase 4 IHFs in Calgary, Alberta. The company is completing its diligence work and working on financing this acquisition with TD Canada Trust. The acquisition is expected to close in the first half of 2023 and increase company revenues by over $4.5 million annually.
During 2022 over $2,700,000 of capital was raised and invested by the company, resulting in nearly positive adjusted EBITDA. The company continues to work on financing solutions with TD Canada Trust and seeking new equity partners. Additional capital raised will be directed to additional IHF acquisitions to increase operating revenues and EBITDA.
For 2022 the company had record revenues and expects 2022 revenues to be 20 per cent higher than 2021.
LevelJump is expecting to almost double revenues in 2023 as compared to 2022 on a trailing twelve-month basis once the company’s pending acquisitions are closed and the new IHF centre is operational.
“The last year saw us hit key milestones, growing our business and expanding our impact to provide key healthcare to patients,” said Mitch Geisler, CEO.
“Our core business operations continue to perform very well with telehealth solutions for emergency care and in-person clinic services. Over the next year, we are focused on the strong growth of revenues, ensuring fiscal responsibility with expenses and increasing shareholder value.”
LevelJump Healthcare is a healthcare company with a focus on profitable telehealth solutions as well as primary care services in radiology. The company provides radiology solutions for hospitals, emergency rooms, and private clinics.
LevelJump Healthcare Corp. (JUMP) opened trading at C$0.075.
