The Company has evaluated subsequent events through the date that its consolidated financial statements are issued. On the World Health Organization (“WHO”) recognized the coronavirus (“COVID-) as a global health emergency and as a global pandemic on Public health responses have included national pandemic preparedness and response plans, travel restrictions, quarantines, curfews, event postponements and cancellations and closures of facilities including local schools and businesses. The global pandemic and actions taken to contain the coronavirus have adversely affected the global economy and financial markets.

 

While the healthcare sectors served by the Company are largely insulated from economic cycles and periodic business disruptions, the Company’s ability to deliver services and products be impacted by these ongoing pandemic containment measures, which have resulted in significant disruptions to global supply chains and the temporary closures of supplier and manufacturer facilities. The Company is implementing measures to protect the health and safety of its employees, in addition to maintaining the ability for clinics to properly treat their patients in the event there is a disruption to the supply chain. These steps include acquiring additional infusion pumps, shipping reserve quantities of supplies to the Company’s customers, preparing a significant part of the Company’s workforce to work from home and providing additional personal protective equipment for the Company’s operations team. The Company believes that these efforts will give it the ability and flexibility to maintain its operations throughout the duration of the current outbreak. The Company has plans in place and is ready to implement additional actions if the duration of these challenges is prolonged.

 

If this global pandemic were to continue for a prolonged period of time, it could materially and adversely impact the Company’s financial condition, results of operations and cash flows. The extent of the impact will depend on future developments, including actions taken to contain the coronavirus.