Allion Healthcare, Inc. (ALLI) has been growing steadily since its acquisition of Biomed was finalized one year ago.

Company Description

Allion Healthcare, Inc. is a national provider of specialty pharmacy and disease management services focused on HIV/AIDS patients. Allion Healthcare sells HIV/AIDS medications, ancillary drugs and nutritional supplies under the trade name MOMS Pharmacy.

Sales Up 52%

On Mar 4 Allion announced fourth-quarter results that included sales of $96.9 million, up 52% from $63.6 million. Strong sales drove net income up to $3.1 million, almost triple last year’s $1.1 million.

Earnings per share doubled to 12 cents, which met analysts’ expectations. Before meeting the consensus Allion beat the Street 3 consecutive quarters.

Successful Acquisition

Much of the recent success of the company has been due to the acquisition of Biomed, which was finalized last April. The deal expanded Allion’s patients to include those with hemophilia and other chronic conditions. Biomed’s patients also paid with non-government funds, dampening the impact of political risk.

Growth and Value

Earnings are only projected to grow 3% during 2009, but should add an additional 16% in 2010. Shares are trading at just under 12 times earnings and with a PEG ratio of just 0.7.

The Chart

Shares of ALLI just broke through resistance just under the $5 level and look as if they can maintain the higher trading range. Take a look at the chart below.

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