LevelJump healthcare $RGG.V on the Venture exchange, Head Office 85 Scarsdale Road
Suite304 Toronto, Ontario M3B 2R2 is an Ontario based Teleradiology Diagnostics leader in Ontario, although primarily focused on growth in Canada, the market size in Canada is about 1,000 hospitals in small and rural areas and with the addition of clinics we can easily double the numbers, they have a long term vision expanding across the USA and World. LevelJump is a revenue generating Business to Business model with positive cash flow and EBITDA, they acquire companies that are also revenue generating with a positive EBITDA, which makes them an interesting corporation considering they consistently increase the bottom.
We couldn’t help notice the arms length that LevelJump takes to inform their shareholders of their mission and vision, here is a look at their business model off SEDAR:
Business Model
Leveljump’ s business model is as follows:
- Multi-year contracts featuring automatic renewals with hospitals and medical clinics to provide Teleradiology services
- Hospitals and medical clinics bill the insurance plans (e.g., OHIP) certain fees per radiology scan, which varies according to the scans being conducted
- Upon receipt of payment from insurance plans, which occurs monthly, the hospitals and medical clinics remit fees to Leveljump
- Recurring revenues, long lasting relationships
- Aggressive growth strategy to dominate the marketplace
According to their Year ending filings December 31 2021 this is the breakdown of their subsidiaries:
| Name of Subsidiary | Percentage Interest Held Directly or Indirectly by Leveljump |
Canadian Teleradiology Services, Inc. 100% Kente X-ray and Ultrasound Ltd. 100% Belleville X-ray & Ultrasound Ltd. 100% Leveljump Technologies Inc. 100% Real Time Medical Inc. 25.6% Shaw Lens Inc. 34.6% Shaw Vision Inc. 34.6%
Since then Level Jump has increased their holdings in Shaw by 10.8% in Shaw Lens and Shaw Vision on April 11th 2022 and on April 26th 2022 levelJump Healthcare acquired another 10.44% of Real Time Medical which brings their number from 25.6% to 35.99%.
Their long term growth plan is not only sustainable but makes for a profitability machine taking advantage of organic growth and client hospital contracts and strategic acquisitions with a focus on acquiring profitable imaging centres in Canada in this year of 2022.
LevelJump is debt free with a strong balance sheet, their short term assets puts them over 4 million and short term liabilities at approx 1.9 million, LevelJumps short term assets exceed short and long term liabilities.according to Simply wall street we see the following
Financial Health Score 6/6
- Short Term Liabilities
- Long Term Liabilities
- Debt Level
- Reducing Debt
- Stable Cash Runway
- Forecast Cash Runway
Insiders have been buying up the shares over course over 12 months.
Bullet Rating: #stockstowatch
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