There are a fair number of stocks that may be tracked by investors this morning but at the same time, it is important for a degree of selectivity. If there are certain stocks that are a bit under the radar at this point then it may be a good idea to take a look into those a bit closer. One of the stocks which may be tracked by investors this morning is the Arboreta Healthcare (OTCMKTS:ASSF) stock.
The company has been in the news in recent times and it could well be a good idea for investors to perhaps consider taking a closer look into it this morning. This article is going to provide you with a fairly detailed overview of the sort of work that Arboreta Healthcare is involved in and then present a picture of the recent developments which investors need to be aware of.
Trading Data
On Friday, ASSF stock ended flat at $1.85 with more than 1.6K shares, compared to a volume of 33 shares. The stock moved within a range of $1.8500 – 1.8500 after opening trade at $1.85.
About The Company
Arboreta Healthcare is involved in the healthcare business and has emerged as one of the notably fast-growing operators in the sector. In this regard, it ought to be noted that Arboreta Healthcare provides healthcare services to individuals of all ages and manages its operations through three operating units.
One of those units is Arboreta Healthcare, which provides assisted living, rehab, skilled nursing, and independent living in as many as 29 different facilities spread across 5 states. The other unit is Banyan Pediatric Centre, which offers Prescribed Pediatric Extended Care (PPEC) program for younger people aged no more than 21 years old. Last but not the least, Real Living Property Holdings is the company’s real estate unit which is in charge of all real estate-related business.
Assisted 4 Living, Inc. rebrands as Arboreta Healthcare, Inc.
The company was actually in the news yesterday following a major new announcement. Assisted 4 Living Inc announced yesterday that it had decided to go for a rebrand and the brand it has chosen is Arboreta Healthcare Inc. It was also announced that after having staged a remarkable turnaround over the course of the past year, the rebrand was part of the company’s continued evolution.
At this point in time, Arboreta Healthcare is also the parent company of Arboreta Health & Rehabilitation, which is involved in operating long-term care centers and skilled nursing. In addition to that, the company is also the parent company of Arboreta Assisted Living Communities. Louis Collier, who is the Chief Executive Officer of the company, spoke about the latest developments as well. He noted that it was an exciting time for Arboreta Healthcare.
Collier also stated that Arboreta Healthcare was still trying to tackle some of the difficulties posed by the coronavirus pandemic that continues to plague the company. In addition to that, it was also noted that the company had managed to make considerable improvements on the operational front by putting together a senior team of highly experienced professionals.
The company has also worked on putting in place a strategy with regard to the leadership issues on the regional front. It remains to be seen if the Arboreta Healthcare stock can manage to come into focus among investors today.
