This small-cap ASX healthcare share just hit a 52-week high

It's been a great week for the healthcare company's shares…

| More on:
A man in a wheelchair stretches both arms into the air in success.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Healthia Ltd (ASX: HLA) share price is trading at an all-time high today after a stellar week on the market.

Shares in the healthcare company are currently swapping hands at $2.41, up 3% on the day and 10% in the past week. The Healthia share price is also up 96.5% in the past year.

Let's take a look at what might be impacting investor confidence in the company lately.

What is the company up to?

Healthia operates podiatry, physiotherapy, and optometry businesses all over the nation.

The Healthia share price has been surging in the final week of December on the back of several major acquisitions.

On Christmas Eve, the company informed investors it is taking over two businesses in Queensland and one company in Victoria. This includes two physiotherapy businesses and an optometry company.

These acquisitions will improve revenue by $9.52 million and increase earnings before interest, tax, depreciation, and amortisation (EBITDA) by $1.9 million.

The company also revealed it had completed settlement on five PhysioWorks physiotherapy clinics in Southeast Queensland. These were first announced to the market on November 15.

In a further possible boost to the Healthia share price, the company advised on December 23 it has completed settlement for 63 Back in Motion physiotherapy clinics. Collectively, the clinics generated an underlying revenue of $62.3 million and EBITDA of $12.2 million in the 2021 financial year.

Overall, Healthia is expecting all the acquisitions in the final six months of the year will increase underlying revenue by $82.9 million and EBITDA by $15.9 million.

The company has had a significant year despite its clinics being impacted by the COVID-19 pandemic. In October, Healthia advised the market 798 staff had received JobKeeper payments, totalling $10.8 million, in the last financial year.

Healthia share price recap

The Healthia share price has skyrocketed more than 93% in the year to date and has risen nearly 15% in the past month.

In contrast, the benchmark S&P/ASX 200 Index (ASX: XJO) has returned more than 12% in the past year.

The company has a market capitalisation of more than $306 million based on the current share price.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended HEALTHIA FPO. The Motley Fool Australia has recommended HEALTHIA FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on 52-Week Highs

A person leans over to whisper a secret to a colleague during a meeting.
Share Market News

Here's when ANZ says the first interest rate cut will be

There's been speculation that Australia's first rate cut may be delayed if the United States delays its own.

Read more »

A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price

Would I be crazy to buy Northern Star shares at almost $15?

Is it too late to generate golden returns from this high-flying stock?

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
52-Week Highs

13 ASX 200 shares at 52-week highs

These shares are making their shareholders smile on Thursday.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

These 5 ASX 200 shares just hit new 52-week highs

Do you own any of these five lucky stocks?

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
52-Week Highs

12 ASX ETFs breaking the mould to hit 52-week highs today

What a day for ASX ETF investors!

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
52-Week Highs

Why is the A2 Milk share price up 46% year to date and at a 52-week high?

This infant formula company's shares have delivered the goods this year.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Why is the Webjet share price racing to a 52-week high today?

Webjet has been busy talking up its WebBeds business this morning.

Read more »

Man pointing at a blue rising share price graph.
Financial Shares

Big ASX news: Macquarie share price hits new 52-week high

It's been a great day to own Macquarie shares...

Read more »