EXCLUSIVE: La Rosa Expands Presence With Horeb Kissimmee Realty Acquisition, Forecasts Rising Profits
Portfolio Pulse from Anusuya Lahiri
La Rosa Holdings Corp (NASDAQ:LRHC) has acquired a controlling interest in Horeb Kissimmee Realty, LLC, a franchisee that generated $10.8 million in revenue in 2022. The acquisition, along with the previous purchase of La Rosa Realty Lake Nona, Inc, is expected to double the company's top-line revenue. The company's shares closed higher by 7.66% at $2.53 on Wednesday.
October 19, 2023 | 12:00 pm
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La Rosa Holdings Corp's acquisition of Horeb Kissimmee Realty is expected to double its top-line revenue, which could lead to a positive impact on its stock price.
The acquisition of a profitable franchisee like Horeb Kissimmee Realty, which generated $10.8 million in revenue in 2022, is a positive development for La Rosa Holdings Corp. This, combined with the previous purchase of La Rosa Realty Lake Nona, Inc, is expected to double the company's top-line revenue, which could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100