ISW Holdings Inc. (OTCMKTS:ISWH) is a known specialist in combining seemingly different businesses and finding the right talent, markets, and partners to make it all work together.
The key to the company’s journey from beverages to crypto, and now into telehealth, is to find opportunities that don’t merely fit their profile but can add complementary pieces to the already impressive ISWH puzzle.
ISWH’s journey began with selling top-shelf spirits, like the company’s award-winning Besado Tequila brand. Along that road, the company touched wellness, renewable energy, and supply chain management markets through acquiring small, but successful companies or forming businesses with market-leading partners.
It is easy to see the big picture post factum: beverages are in close connection with supply chain management and health, which were both natural next steps for ISW Holding. From software, they continued towards data center powering capabilities through renewable energy. Data centers quickly became extremely valuable assets of the company, as they joined forces with Bit5ive, a prominent player in the crypto-mining industry.
The Genie and the Bottle
Right now, the company is moving rapidly into the Telehealth space to augment its growing Home Healthcare division. According to a recent piece in bizjournals.com, many typical areas across the country are increasingly adopting telehealth as a widespread solution. And once that genie gets out of the bottle, it’s never going back in.
According to the piece, “Telehealth taking root in Western New York is one of the more positive developments to emerge from the Covid-19 pandemic. Eight of the region’s leaders in health care and behavioral health, who gathered recently to discuss the impact of the pandemic and social issues on their organizations, hailed the option where doctors and patients meet over the phone or screen-to-screen instead of face-to-face. Some had been using telehealth in some fashion, others not much at all, but they all now champion it as an effective and convenient way to address many of their patients’ needs, while keeping the patients and their staffs safe from the virus.”
“When we started with telehealth, it was a way to get to people who were in lockdown and couldn’t leave the house, so we had to do something,” said Dr. Robert Zielinski, the medical group’s associate medical director. “We were forced into telehealth. The silver lining in the cloud is the innovation. A crisis like this has a way of driving two to three years of innovation in two or three months.”
The key here for investors lies in the understanding that this shift is permanent. The train on telehealth is leaving the station now and for the long term. And many companies with exposure to the space may not ever be this cheap again, including ISW Holdings Inc (OTCMKTS:ISWH).
With COVID-19 hitting the global economy and healthcare where it hurts the most, infecting senior people the quickest, many health industry companies are struggling to survive due to their patients being quarantined.
Telehealth was a futuristic vision a decade ago, but slowly and steadily it became a reality starting with step counters and heart rate monitors built into mobile devices. Telemedicine is the way of not simply monitoring but also reacting to the measured data, all in a remote fashion.
The first logical step in providing telehealth services is to create a platform to connect healthcare providers and patients. Paradigm Home Health is the new health division of ISWH with a focus on senior care. They have entered the healthcare market with a “one-button wearable device to call their visiting nurse, home health provider, or a 24/7 nurse assist hotline anytime they need medical assistance.”
The current pandemic situation is putting all healthcare providers to the test, even more so the ones specializing in senior care. US citizens are now quarantined with extremely limited or zero access to healthcare services outside their homes. These challenging times offer a great opportunity for ISW Holdings Inc (OTCMKTS:ISWH) to help thousands of elderly people and protect their health by providing remote access to the best services available.
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