Vitura Health Limited (ASX: VIT)

About Vitura Health Limited (ASX: VIT)

Vitura Health Limited is a digital health company with a focus on various health-related businesses. It operates in three main segments. The Medical segment is involved in selling and distributing medical cannabis products. The Clinics segment runs medicinal cannabis clinics. The Consumer segment deals with non-medical consumer products in Australia and Asia.

The company runs CanView, an online platform managed by Burleigh Heads Cannabis, which provides over 350 therapeutic products to prescribers, patients, pharmacies, and suppliers in Australia. Besides CanView, Vitura Health owns Doctors on Demand Pty Ltd, a telehealth service offering primary health solutions, and Cannadoc Health Pty Ltd, where it has a 75.5% stake, which is a medicinal cannabis clinic that provides telehealth consultations.

Financially, Vitura Health reported a revenue of AUD 119.67 million and a net income of AUD 9.40 million. The company has seen significant growth with a 75.16% increase in revenue and a 128.31% improvement in net income year on year. Founded in 2018, Vitura Health now employs 121 people.

The website for Vitura Health is https://www.vitura.com.au/ and recent acquisitions include Doctors on Demand Pty Ltd, which was completed on October 19, 2023, for a transaction value that resulted in a 72% decrease, equating to AUD 15.73 million.

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