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Akumin Inc. (T:AKU.U)

Business Focus: Medical & Diagnostic Laboratories

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEDAR
Company Contact
Address: 1460 Vantage Way S Ste 100
Tel: N/A
IR: See website
Key People
Stanley George Dunford
Chairman of the Board
Christopher Fitzgerald
Chief Revenue Officer of Akumin Corp
Riadh Zine-El-Abidine
President, Chief Executive Officer, Director
Mohammad Saleem
Chief Financial Officer, Corporate Secretary
Rohit Kishin Navani
Chief Operating Officer, Executive Vice President
Matthew Cameron
Senior Vice President, General Counsel
Darren Speed
Chief Compliance Officer
Karen Moore
Vice President - Human Resources
Adam Fabian
Corporate Controller
Amy Adams
Senior Vice President of Akumin Corp
Business Overview
Akumin Inc is a United States-based company, which provides freestanding, fixed-site outpatient diagnostic imaging services in the United States. The Company owns, operates or manages 89 centers located in Florida, Pennsylvania, Delaware, Texas, Illinois and Kansas, the United States. The Company's centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders and reduce unnecessary invasive procedures. The Company's services include Magnetic Resonance Imaging (MRI), Computed Tomography (CT) and Positron Emission Tomography (PET), radiology, ultrasound, diagnostic radiology (X-ray), mammography, arthography and other related procedures.
Financial Overview
For the six months ended 30 June 2020, Akumin Inc revenues increased 23% to $124.9M. Net loss totaled $1.5M vs. income of $1.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Interest expense increase from $8.8M to $20.2M (expense), Depreciation and amortization increase of 34% to $17.1M (expense), Employee compensation increase of 11% to $40.7M (expense).
Employees: 1,737 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $929.58M as of Jun 30, 2020
Annual revenue (TTM): $355.95M as of Jun 30, 2020
EBITDA (TTM): $108.68M as of Jun 30, 2020
Net annual income (TTM): $4.92M as of Jun 30, 2020
Free cash flow (TTM): $20.11M as of Jun 30, 2020
Net Debt Last Fiscal Year: $616.68M as of Jun 30, 2020
Shares outstanding: 70,178,428 as of Jul 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization