6 Comments
User's avatar
Berbo's avatar

Great work! Tysm for sharing.

One q - you mentioned "they have explicitly stated that they don’t plan on expanding in the USA for reasons I will cover later" - I couldn't find which reasons. Do you mind elaborating?

Thanks!

Expand full comment
Simeon Research's avatar

Hello! Thanks For the kind words

ops, yes I will add this part, there are two main reasons, 1st being that acquisitions are much more expensive and the second and main one being that VHI is focused on single payer based systems (Canada, UK Europe and Middle East) USA actually operates in multi payer system, which is a much more complex system and requires VHI to make tremendous changes to their products as well adjust for the very tedious regulation system. They basically can deploy capital more effectively to the countries they already operate and are single payer focused. I hope this helps

Expand full comment
Simon Handrahan's avatar

I bought VHI a few years ago and wrote about them at the time. Sold them when there was issues facing their offshore developers. That turned out to be a mistake and I recently bought some back.

Expand full comment
Simeon Research's avatar

That's very interesting, when did you buy back again?

Expand full comment
Shrimp Capital's avatar

I love how thorough this was!

Expand full comment
Simeon Research's avatar

I appreciate this Shrimp!!

Expand full comment