tiprankstipranks
Bastide Expands in Canada and Sells French Subsidiary to Optimize Growth
Company Announcements

Bastide Expands in Canada and Sells French Subsidiary to Optimize Growth

Story Highlights

Stay Ahead of the Market:

Bastide le Confort Medical ( (FR:BLC) ) has issued an announcement.

Bastide Group has expanded its operations in Canada by obtaining authorization to operate in respiratory assistance in British Columbia, which could lead to a significant increase in revenue. Additionally, Bastide has sold its French subsidiary CICA PLUS, which was underperforming financially, as part of its strategy to divest low-growth assets and focus on reducing debt.

More about Bastide le Confort Medical

The Bastide Group, founded in 1977, is a leading European home health care provider operating in eight countries. It specializes in medical devices and services across various health areas including diabetes, nutrition, infusion, respiratory, stomatherapy, and urology. The company is listed on Euronext Paris.

YTD Price Performance: -4.55%

Average Trading Volume: 156

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €171M

For detailed information about BLC stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskBastide Reports Strong Start to 2024-2025 Fiscal Year
TipRanks European Auto-Generated NewsdeskBastide Group Releases Annual Financial Report for 2024
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App