11:11 AM EDT, 07/07/2025 (MT Newswires) -- Quipt Home Medical ( QIPT ) shares were last seen down 4.8% after the company on Monday said it acquired a full-service durable medical equipment (DME) provider, wholly owned by Ballad Health, an integrated health system comprised of 20 hospitals, post-acute care and behavioral health services, for $1.6 million plus accounts receivable and inventory.

The company said it also entered into a preferred provider agreement with Ballad Health aimed at facilitating seamless post-acute care coordination across the system's hospitals.

Quipt Chief Financial Officer Hardik Mehta stated: "We are actively in discussions with other healthcare systems with the goal of becoming the partner of choice in home-based care transformation."

Shares of the company were last seen down $0.12 at $2.38 on the Toronto Stock Exchange.

Price: 2.38, Change: -0.12, Percent Change: -4.80