Adapthealth Corp Stock Price, News & Analysis

AdaptHealth Corp. (NASDAQ: AHCO) announced the appointment of Russell Schuster as Chief Commercial Officer, effective December 2nd, 2024. Schuster will oversee commercial strategy and revenue generation.

He brings over 25 years of experience, most recently serving as President of Cardinal Health Canada, where he improved performance significantly. His background includes roles in Corporate Development, Business Development, and Strategy at Cardinal Health, as well as positions in Investment Banking and M&A at Lehman Brothers, Barclays Capital, and Republic Services. He began his career as a CPA and Consultant with Ernst & Young.

Suzanne Foster, CEO of AdaptHealth, expressed confidence in Schuster's ability to drive growth and enhance patient care. AdaptHealth provides home medical equipment, medical supplies, and related services, reaching approximately 4.2 million patients annually in all 50 states through 670 locations.

AdaptHealth Corp. (NASDAQ: AHCO) has announced its participation in the BofA Securities Home Care Conference 2024, scheduled for Monday, December 9, 2024. The company will engage in a fireside chat at 1:20pm ET during the virtual event. The webcast will be accessible through AdaptHealth's website under the Investor Relations section.

AdaptHealth is a leading provider of healthcare-at-home solutions, serving approximately 4.2 million patients annually across all 50 states through 670 locations in 47 states. The company specializes in home medical equipment, medical supplies, and related services, including sleep therapy equipment, diabetes care supplies, oxygen therapy, and various medical devices for chronically ill patients.

AdaptHealth Corp. (NASDAQ: AHCO), a national leader in healthcare-at-home solutions, announced its participation in the Stifel 2024 Healthcare Conference in New York on November 19, 2024. The company will engage in a fireside chat at 8:00am ET, with the webcast available on their website.

AdaptHealth provides comprehensive home medical equipment, supplies, and services, serving approximately 4.2 million patients across all 50 states through 670 locations in 47 states. Their offerings include sleep therapy equipment, diabetes medical devices, home medical equipment for post-acute care patients, oxygen therapy services, and supplies for chronic conditions including wound care, urological, and nutritional needs.

AdaptHealth Corp. (NASDAQ: AHCO) reported its Q3 2024 financial results with net revenue of $805.9 million, a slight increase of 0.2% year-over-year. The company posted net income of $22.9 million, compared to a net loss of $454.1 million in Q3 2023. Adjusted EBITDA rose 1.9% to $164.3 million.

Year-to-date cash flow from operations improved to $391.4 million, with free cash flow reaching $162.7 million. The company updated its FY2024 guidance, lowering net revenue expectations to $3.220-3.260 billion and adjusted EBITDA to $655-675 million, while raising free cash flow guidance to $175-195 million.

AdaptHealth Corp. (NASDAQ: AHCO) has appointed Diana Nole to its Board of Directors, effective October 16, 2024. Ms. Nole brings over 18 years of senior leadership experience in the Healthcare AI and Healthcare IT industries. She most recently served as the EVP and General Manager of the Healthcare division of Nuance Communications, a Microsoft Cloud & AI company. Prior to that, she spent five years as CEO of the Healthcare division of Wolters Kluwer.

Dale Wolf, Chairman of the AdaptHealth Board, praised Ms. Nole's extensive leadership experience and expertise in business transformation. Ms. Nole expressed enthusiasm about joining the board, stating she was impressed by the company's leadership team and their execution of their plans.

AdaptHealth Corp. (NASDAQ: AHCO), a leading provider of patient-centered, healthcare-at-home solutions, has announced its schedule for releasing third quarter 2024 financial results. The company will disclose its financial performance before the market opens on Tuesday, November 5, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to discuss the results and business activities with analysts and investors.

Interested parties can participate in the call by dialing (800) 343-4136 for domestic callers or (203) 518-9843 for international callers, using the Conference ID: AHCO3Q24. A webcast registration link is also provided. After the live call, a replay will be available for six months on the company's website under the "Investor Relations" section.

Advantage Healthcare Holdings, a regional leader in Comprehensive Outpatient Rehabilitation Facilities and Sleep Centers, has appointed Dinak (Dino) Nair as its new Chief Executive Officer, effective September 1, 2024. Nair succeeds Ryan Tong and brings over 20 years of business experience, including more than a decade in healthcare leadership roles.

Nair's previous positions include Vice President, General Manager of the Health Systems Operating Division at Labcorp (NYSE: LH), Senior Vice President at Thrive Skilled Pediatric Care, and Vice President of Operations at AdaptHealth. He holds an MBA in Public Accounting from Saint John's University.

Timothy Bovard, Chairperson of Advantage's Board, expressed confidence in Nair's ability to lead the company's growth and improve patient outcomes through personalized care. Nair stated his excitement to join Advantage and collaborate with the team to drive improved patient outcomes and deliver value to customers and stakeholders.

AdaptHealth Corp. (NASDAQ: AHCO), a leading provider of healthcare-at-home solutions, has successfully refinanced its senior secured credit facility. The new facility includes a $650 million Term Loan A and a $300 million revolving line of credit, totaling $950 million. This refinancing brings several benefits:

1. Extended maturity up to September 13, 2029
2. Reduced interest rate compared to the previous facility
3. Decreased undrawn commitment fees due to a smaller revolving credit line

The Term Loan proceeds were used to repay the existing loan due in January 2026, without incurring penalties. The new facility involved 13 lenders, with Regions Bank acting as the Administrative Agent.

AdaptHealth Corp. (NASDAQ: AHCO), a national leader in patient-centered healthcare-at-home solutions, has announced its participation in the Baird Global Healthcare Conference on September 10, 2024, in New York. The company will engage in a fireside chat at 12:15 PM ET.

AdaptHealth provides a comprehensive range of medical products and services, including sleep therapy equipment, diabetes management supplies, home medical equipment (HME), oxygen therapy, and other chronic care solutions. Serving patients across all 50 states through approximately 680 locations, AdaptHealth partners with diverse referral sources and caters to beneficiaries of Medicare, Medicaid, and commercial insurance, reaching about 4.1 million patients annually.