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Viemed Healthcare Posts Record Growth as Sleep Services Overtake Ventilation

Stonegate updates coverage on Viemed Healthcare, reporting 21% revenue growth to $270.3M in FY25, record EBITDA, and a shift from ventilation to sleep services.

This news matters because it signals a major shift in the home healthcare sector, where companies like Viemed are capitalizing on the growing preference for in-home care over institutional settings. For patients, this trend means greater convenience and comfort, potentially leading to better health outcomes and reduced hospital readmissions. For investors, Viemed's financial performance—with sleep and resupply services now surpassing ventilation—highlights a strategic pivot toward more predictable, recurring revenue streams that are less vulnerable to regulatory changes like Medicare coverage adjustments. The company's robust free cash flow growth and integration of Lehan's also suggest enhanced scalability and market diversification, which could drive long-term value in a healthcare industry increasingly focused on cost-effective, patient-centered solutions. As aging populations and chronic respiratory conditions rise, Viemed's evolution reflects broader opportunities in medical technology and home-based care delivery.