Adapthealth Nasdaqcm

But I suspect the demand is going to drop a little bit, too, as health systems start saying, OK, should we be even trying to get these patients into the sleep labs and try to get pieces of equipment that order some piece of equipment that possibly can’t get. So I think the demand side is going to be challenged also. So that’s the — as we go and we learn more and more through this process, I think we’ll get more information. As far as other suppliers, there are some that are trying to come in there, but they have such low market share. We had a few equipment manufacturers that thought they might rev it back up, but they’ve declined. So right now, you’re obviously seeing on new patients, the shortage from Philips and then historic shortage from ResMed that we hope at least they’ll be able to get back to their normal demand by the end of the quarter and then hopefully increase that in the fourth quarter.

AdaptHealth Corp. shall have no obligation to update the information provided on this call to reflect subsequent events. Additionally, on this morning’s call, we will reference certain financial measures, such as EBITDA and adjusted EBITDA, and adjusted EBITDA less patient equipment capex, which are non-GAAP financial measures. This morning’s call is being recorded, and a replay of the call will be available later today.

Advanced Home Care provides medical equipment, machines, supplies, oxygen, ventilation and traditional durable medical equipment to patients through its 23 branch locations in Georgia, North Carolina, South Carolina, Tennessee and Virginia. So it’s early innings on that, but I’d say it’s something that I’m going to be focused on and I’m going to be pushing to drive that over the next couple of quarters. My remarks will focus on the key aspects of our strategic road map, including operational technologies, chronic disease management, and how these capabilities help enhance our overall business. I’ll also comment on our diabetes integration and growth progress. But first, I’d like to discuss the operational impacts of the Respironics recall announced by Philips on June 14, 2021, that is affecting the entire sleep health industry.

But kind of mid-40 to high 40s on DSOs is what to expect from us. In terms of the cash flow conversion, we introduced, I want to say it was Q3 of 2020, the concept of, we expect to convert about two-thirds of every dollar of adjusted EBITDA into cash flow from operations. As you bridge that down to free cash flow, again, we’ve said that capex — patient equipment capex is going to run in the ballpark of 8% to 9% of total revenue. Coupled with our e-prescribe platform and proprietary intake technology, we believe we are growing in line with the overall end market. We have combined our national diabetes sales force with our hard-earned expertise in HME resupply operations to accelerate organic growth in each of the six businesses we’ve purchased since last July.

The Company anticipates that subsequent events and developments will cause the Company’s assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. AdaptHealth offers a full range of medical products and services, including CPAP supplies and services, diabetes devices and supplies, HME for post-acute care, home oxygen and related therapies and general HME for wound care, ostomy, urological and nutritional needs.

The two companies have both focused heavily on technology and combined will have a presence in 47 states. A company presentation said the new firm will be the largest independent HME in the country. Parachute Health is the fastest, most reliable way to order medical equipment & supplies for patients online. The online ordering platform gives you visibility into order status and real-time messaging in the platform to get your product questions answered directly from . A supplier of medical equipment such as respirators, wheelchairs, home dialysis systems, or monitoring systems, that are prescribed by a physician for a patient’s use in the home and that are usable for an extended period of time.

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