ReWalk Now Lifeward: Medicare Milestone Achieved

Jun. 20, 2024 11:48 AM ETLifeward Ltd. (LFWD) StockLFWD27 Comments
Larry Saunders
1.08K Followers

Summary

  • ReWalk Robotics has finally reached the goal of Medicare coverage for its personal exoskeleton medical device, and the Medicare claims are starting to get paid leading to drastic revenue expansion.
  • ReWalk acquired another company in the rehab med-tech space, AlterG, broadening its product offering and expanding sales, but weakening its balance sheet and adding execution risk.
  • Buying into ReWalk now is taking the position that the Medicare coverage and the AlterG acquisition will turbocharge growth from now to 2026 and beyond.

Mechanical exoskeleton engineer checking the mechanisms before the arrival of patients. Physiotherapy in a modern hospital

Unaihuiziphotography/iStock via Getty Images

Lifeward (NASDAQ:LFWD), formerly doing business as ReWalk Robotics Ltd., is a micro-cap medical device company that had its origins in creating a robot exoskeleton that assists people with spinal cord injuries to be able to walk. The

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1.08K Followers
My professional background is in church work, but I left that vocation in 2012. In 2015, I earned an MBA from the Aix-Marseille University, located in in Aix-en-Provence in southern France. I currently live and work in the midwest with my spouse, children, and a cat who seems to like me more than she likes anyone else in our house.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of LFWD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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