Stock Guru Featured Client: Andover Medical, Inc. (ADOV.OB)
Andover Medical, Inc. (ADOV.OB) provides orthopedic, podiatric and urological durable medical equipment, as well as incontinence treatment solutions. ADOV plans to offer the largest and most affordable brand name medical equipment and treatment products to practitioners. Their primary focus is on providing durable medical equipment (DME), which is designed for repeated medical use. Andover plans to establish a nationwide subsidiary network. Their first acquisition was with Ortho-Medical Products, Inc. Ortho provides procedure specific, orthopedic durable-medical equipment, respiratory equipment, orthotic equipment, and prosthetic devices. Their services are utilized throughout New York, New Jersey and Connecticut. Andover’s business strategy involves acquiring existing…
