RedChip Research has initiated coverage on First Surgical Partners Inc. (OTC BB: FSPI), an operator of two ambulatory surgery centers and a general acute care hospital in the Houston area. Ambulatory surgical centers have experienced rapid growth over the past three decades, driven by lower costs, attractive payor coverage, quality patient outcomes, and restrictive legislation related to hospital expansions. First Surgical is capitalizing on this trend, employing an aggressive growth strategy that will more than double its current locations over the next two years.
FSPI offers investors an opportunity to invest in a fast-growing, dividend-paying, profitable company in the healthcare sector. RedChip has initiated coverage with a Buy rating and a 12-month price target of $3.00, a potential upside of nearly 100%. Click here to download the report.
RedChip Research also issued a quarterly update on China Bilingual Technology & Education Group Inc. (OTC BB: CBLY), which operates three private boarding schools serving K-12 students in China. CBLY’s recent acquisition of its third school is expected to drive strong revenue and EPS growth as the Company ramps up enrollment at the new facility. RedChip analysts have raised the target price on CBLY from $4.40 to $5.00, a potential upside of more than 400% from the current share price. The research update is available for download here.
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