Using Evaluation To Adapt Health Information Outreach To The Complex Environments Of Community
We are very excited as we continue to expand our diabetes presence with this acquisition. Already in the third quarter, we have closed six more acquisitions, each one meeting our criteria for earnings and strengthening our strategic presence in existing regions. With these additions, we expanded our operations in Kentucky, Ohio, West Virginia, New Jersey, New York, South Carolina, and Florida. Mr. McGee continued, “We expect both transactions to be immediately accretive to earnings. Including the addition of Healthline, we are updating our financial guidance for calendar 2020. We now expect net revenue for 2020 between $790 – $808 million, EBITDA of $160 – $164 million and Adjusted EBITDA Less Patient Equipment of $98 – $101 million.
EU health policy therefore serves to complement national policies, and to ensure health protection in all EU policies. The Company believes Adjusted EBITDA less Patient Equipment Capex is useful to investors in evaluating the Company’s financial performance. The Company’s business requires significant investment in equipment purchases to maintain its patient equipment inventory.
To date, the Company has acquired over $300 million of annualized revenue in 2021, incremental to AeroCare. AeroCare is currently owned by private investors Peloton Equity, SkyKnight Capital, SV Health Investors and others. The home-based care provider landscape is rapidly changing, a point reflected in the industry-shaping mergers and multimillion-dollar deals that have taken place over the past couple of months. Get better insight into your patient base and make more effective business decisions.
The AdaptHealth 52-week low stock price is 19.17, which is 19.4% below the current share price. The AdaptHealth 52-week high stock price is 41.58, which is 74.9% above the current share price. Solara is a direct-to-patient distributor of diabetes therapy products including continuous glucose monitors and insulin pumps. The company, led by CEO Steve Foreman, was founded in 2002 and is headquartered in Chula Vista, California with additional offices in Michigan, Arizona, Texas, North Carolina, South Carolina, Alabama, Ohio, and Illinois.
These projections exclude the impact of any future additional acquisition activity, and based on the current pipeline of acquisitions, the company believes it can add approximately $100 million of acquired revenue each year. The combination of industry growth and government mandates to reduce costs to patients in the largest HME spending categories has allowed Adapt to execute a strategy of organic growth, accretive acquisitions, and market-leading profitability in a highly fragmented industry landscape. Since 2012, Adapt has acquired 56 companies with an aggregate purchase price of approximately $286 million and has employed proprietary techniques alongside industry expertise to derive significant value from these acquired businesses. The Company utilizes an extensive and highly diversified network of referral sources, including acute care hospitals, sleep labs, pulmonologists, skilled nursing facilities, and clinics; many of these referral relationships average 10+ years. Adapt maintains an attractive payor mix, primarily comprised of commercial insurers, Medicare and Medicaid. At AdaptHealth, their mission is to provide the best quality products along with the best customer service possible.
In March 2016,Regulation on transmissible animal disease(“Animal Health Law”) was adopted. This single, comprehensive new animal health law supports the EU livestock sector in its quest towards competitiveness and safe and smooth EU market of animals and of their products. It also supports better early detection and control of animal diseases, including emerging diseases linked to climate change and aims to help reduce the occurrence and effects of animal epidemics. Climate change will generate new health risks and amplify current health problems. Both direct and indirect effects on human, plant and animal health are expected from climate change. Direct effects result from changes in the intensity and frequency of extreme weather events like heatwaves and floods.