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Investing.com - RBC Capital initiated coverage on VitalHub (TSX:VHI) with an Outperform rating and a price target of Cdn$15.00 on Thursday.
The Canadian healthcare technology company specializes in patient flow solutions and has demonstrated consistent execution of its merger and acquisition strategy, according to RBC Capital.
The investment firm highlighted VitalHub’s track record of delivering consistent "Rule of 40" performance on an organic basis, referring to the principle where a software company’s combined growth rate and profit margin should exceed 40%.
RBC Capital noted that VitalHub possesses deep domain expertise and maintains a large database of potential acquisition targets, positioning the company for continued expansion.
The firm expects VitalHub to sustain double-digit growth, supported by what it describes as secular tailwinds in the patient flow solutions market.
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