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Audiotech Healthcare Corporation (AUD:TSX-V) was founded in April 1998, as a growth corporation in a highly-fragmented hearing healthcare industry in North America. The company operates and manages a network of 16 hearing clinics in British Columbia, Alberta, and Idaho. Audiotech targets growth organically through new clinic openings, existing clinic expansions and the opening of satellite clinics.
Over the past several years, Audiotech has become an ideal acquisition candidate for a number of reasons. Most importantly, there is a growing consolidation trend in the industry in which hearing aid manufacturers are buying up successful hearing clinics. Especially attractive takeover candidates are those companies operating chains of hearing care clinics. It should be noted that, after incorporating the company’s debt, Audiotech is presently trading at approximately 0.7 times sales, which is a relatively low valuation based on the company’s potential takeover appeal.
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