Welcome to our dedicated page for Adapthealth news (Ticker: AHCO), a resource for investors and traders seeking the latest updates and insights on Adapthealth stock.
AdaptHealth Corp (NASDAQ: AHCO) operates as one of the largest home medical equipment and respiratory services providers in the United States, with operations spanning 46 states. As a publicly traded healthcare company, AdaptHealth regularly generates news across several categories that matter to investors and healthcare industry observers tracking the home medical equipment sector.
Earnings announcements represent a significant portion of AdaptHealth news coverage, with quarterly and annual results providing insight into revenue trends across the company's therapeutic segments including sleep therapy, respiratory equipment, mobility products, and wound care supplies. These financial disclosures reveal how the company navigates Medicare reimbursement rates, payor mix changes, and demand patterns for home healthcare equipment.
Partnership and acquisition news frequently emerges from AdaptHealth as the company has built its national presence through strategic growth. Announcements involving health system partnerships, regional acquisitions, or expanded service agreements signal how the company is extending its geographic reach and referral networks. These developments matter because scale provides competitive advantages in an industry with pressure on reimbursement rates.
Investor conference participation and analyst presentations offer windows into management perspectives on industry trends, including the ongoing shift toward home-based care delivery, chronic disease management outside hospitals, and the impact of healthcare policy on durable medical equipment providers. Credit rating changes and debt refinancing activities also generate news given the capital-intensive nature of equipment distribution.
Bookmark this page to follow AdaptHealth developments including earnings releases, strategic transactions, and operational updates relevant to understanding this home healthcare equipment company's trajectory.
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.
AdaptHealth Corp. (NASDAQ: AHCO) has appointed Scott Barnhart as Chief Operating Officer, effective September 23, 2024. Barnhart brings over 30 years of leadership experience in global operations, including supply chain management and logistics. He previously served as COO of Qurate Retail Group and held senior positions at Cardinal Health.
CEO Suzanne Foster stated that this change supports efforts to create clear roles, drive effective management, and align the organization's structure. The appointment aims to advance AdaptHealth's commitment to patient care and foster organic growth through operational excellence.
AdaptHealth is a national leader in healthcare-at-home solutions, serving approximately 4.2 million patients annually across all 50 states through 670 locations in 47 states.
AdaptHealth Corp. (NASDAQ: AHCO) announced its participation in the Canaccord Genuity 44th Annual Growth Conference on August 14, 2024, in Boston. The company will present a fireside chat at 1:30 pm ET, with a webcast link available on its website under 'Investor Relations'.
AdaptHealth is a leading provider of patient-centered, healthcare-at-home solutions, including home medical equipment and supplies. Their offerings include sleep therapy equipment like CPAP and biPAP services, diabetes treatment devices such as continuous glucose monitors and insulin pumps, and various medical supplies for chronic conditions. They serve approximately 4.1 million patients annually across all 50 states with a network of roughly 680 locations in 47 states.
View the full press release on BusinessWire.
AdaptHealth Corp. (NASDAQ: AHCO) reported its Q2 2024 financial results, showing mixed performance. Net revenue increased by 1.6% to $806.0 million, while net income rose 39.0% to $19.4 million. However, Adjusted EBITDA decreased by 3.3% to $165.3 million. The company's cash flow from operations improved to $247.0 million year-to-date, with free cash flow reaching $77.9 million.
AdaptHealth updated its fiscal year 2024 guidance, adjusting net revenue to $3.255-$3.315 billion, maintaining Adjusted EBITDA at $660-$700 million, and increasing free cash flow to $160-$180 million. The company also announced plans to dispose of certain non-core assets in Q3 2024.
AdaptHealth Corp. (NASDAQ: AHCO), a leading provider of healthcare-at-home solutions, has announced its second quarter 2024 earnings release date and conference call details. The company will release its financial results on Tuesday, August 6, 2024, before the financial markets open. A teleconference for analysts and investors will be held at 8:30 a.m. ET on the same day.
Interested parties can participate in the call by dialing (800) 343-4136 (Domestic) or (203) 518-9843 (International) and referencing Conference ID: AHCO2Q24. A webcast registration link is also provided. Following the live call, a replay will be available for six months on the company's website under the 'Investor Relations' section.
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