Adapthealth Buying Aerocare In $2 Billion Deal

Represents the value of the patient equipment obtained during the respective period without regard to whether the equipment is purchased or financed through lease transactions. The Company uses EBITDA, Adjusted EBITDA and Adjusted EBITDA less Patient Equipment Capex, which are financial measures that are not prepared in accordance with generally accepted accounting principles in the United States, or U.S. GAAP, to analyze its financial results and believes that they are useful to investors, as a supplement to U.S. In addition, the Company’s ability to incur additional indebtedness and make investments under its existing credit agreement is governed, in part, by its ability to satisfy tests based on a variation of Adjusted EBITDA less Patient Equipment Capex. This release contains non-GAAP financial guidance, which is adjusted to exclude certain costs, expenses, gains and losses and other specified items that are evaluated on an individual basis. Similar charges or gains were recognized in prior periods and will likely reoccur in future periods.

We believe through the — through our sales efforts and the resupply engine, we will maintain an organic growth rate of 8% to 10% over an ever-increasing base. Most importantly, by combining our operational teams and leaders at all levels across the country, we believe that we will be more powerful than the sum of our parts in pursuing our mission to empower our patients to live their best lives out of the hospital and in the home. The success of our combined team is evidenced in reaching our highest-reported revenue and adjusted EBITDA margin for this quarter.

We provide an enthusiastic team of health professionals dedicated to providing the best home, child care centre and clinic-based rehabilitation. 23.78.The all-time high AdaptHealth stock closing price was 40.15 on February 01, 2021. Programs that sell new, used and/or reconditioned assistive technology products on a retail or discount basis.

Caring for people with disabilities through our various allied health services. ADAPT was established in the 1990s to address the rising impact of substance use disorder among Asian American and other immigrant populations. This experience laid a strong foundation for working with and meeting the needs of diverse populations, such as family and social supports. Recognizing that recovery is a lifelong process, our healing approaches address the physical, mental and emotional health of our clients. The average AdaptHealth stock price for the last 52 weeks is 29.63. Reporting incorrect or missing information helps keep our database up-to-date.

Allina Health owns or operates 12 hospitals and more than 90 clinics throughout Minnesota and western Wisconsin. Richard Barasch, who will be appointed chairman of AdaptHealth upon closing of the transaction, was chairman and CEO of Universal American, an NYSE-listed health insurance and healthcare services company until its sale to WellCare Health Plans in 2017. Adapt’s management team is comprised of industry and financial professionals, led by CEO Luke McGee, president Josh Parnes, and CFO Gregg Holst. In April, CIT Group Inc. said it agreed to lend up to $425 million to Adapt in a senior credit facility. The April funding assisted Andrew Feldstein’s BlueMountain Capital Management LLC, New York, to refinance Adapt’s previous debt and offer future funding.

On its end, the Orlando, Florida-based AeroCare offers a suite of direct-to-patient equipment and services, including oxygen concentrators and home ventilators, along with CPAP and BiPAP machines. “Joining forces with AdaptHealth strengthens our combined ability to transform our industry and positively impact the lives of chronically ill patients across the country,” Steve Griggs, CEO of AeroCare, said in a statement. Adapt Health Care is a community rehabilitation service that provides a fully integrated allied health team with the sole purpose to ensure our clients can continue to live safely within their own homes.

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