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Option Care Health, Inc. provides home and alternate-site infusion services for patients with acute and chronic conditions across the United States. The company operates in infusion services and reports developments tied to clinical service delivery, national provider relationships, and the economics of its care model.
Recurring news for OPCH includes quarterly and full-year financial results, guidance updates, operating cash flow, share repurchase activity, credit facility changes, and presentations at health care investor conferences. Company updates also address capital allocation and management commentary related to revenue growth and profitability in home and alternate-site infusion care.
Option Care Health (Nasdaq: OPCH) reported strong financial results for Q1 2020, highlighting net revenue of $705.4 million, a 48% increase from Q1 2019. Gross profit rose to $158.0 million, representing 22.4% of net revenue. Despite a net loss of $19.9 million ($0.11 per share), the company achieved an adjusted EBITDA of $40.2 million, up 107.6%. Cash flow from operations reached $18.4 million, up 102.7%. The company has maintained cash balances of $77.2 million with no borrowings on its revolver. Future impacts of COVID-19 on referrals and costs remain uncertain.
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