Bloom Health Partners Inc (OTCMKTS:BLMHF) Stock Gains Momentum: But Why?

There was not a lot of movement in the Bloom Health Partners Inc (OTCMKTS:BLMHF) stock on Thursday but it should be noted that the company was in considerable focus among investors yesterday.

Trading Data

On Thursday, BLMHF stock ended flat at $0.3438 with more than 3.9k shares, compared to its average volume of 1k shares. The stock has moved within a range of $0.3438 – 0.3438 after opening trade at $0.3438.     

Bloom Health Partners Announces New Facilities to Serve New York and Northeastern US Regional Clients

The company is best known for its worldwide platform that is meant for helping with healthcare security and yesterday it announced that it had opened a new facility located in New Jersey. The new facility established by Bloom Health Partners is meant for providing central access to the nearby metropolitan areas like Boston, Washington DC, New York City and Philadelphia.

It was also noted that the new facility is going to help Bloom Health Partners to meet the fast growing demand for operational health related services and diagnostic testing. On the other hand, investors also need to note that the new facility in question is going to serve a range of big ticket clients belonging to the Fortune 500 list, film and television production companies, sports events and others.

Hence, it is clear to see that this facility could end up being an important source of revenues for Bloom Health Partners. It now remains to be seen if there is any strong move in the stock.

Key Quote

“Our new location in New Jersey will support operational health services for some of the nation’s largest organizations,” said Andrew Morton, CEO of Bloom.