Allina Health Is Selling Its Hme Division To Adapthealth

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We are also focused on driving increased conversion of adjusted EBITDA to cash flow from operations. Speaking of that metric, we generated $147.6 million of cash flow from operations for the first half of 2021. For the second quarter ending June 2021, AdaptHealth reported net revenue of $617 million, an increase of 166% from the second quarter of 2020. As detailed and defined in our Q earnings supplement, AdaptHealth’s organic growth for the quarter was 10.1%, supporting our long-range organic growth estimate of 8% to 10%.

Improving patient experience and outcomes is a core principle at AdaptHealth. Accordingly, we will continue to invest in both talent and technology to further improve outcomes and reduce the overall cost of care. With these investments in technology and chronic disease management, we are accelerating growth in all of our product categories, most dramatically in diabetes, our fastest-growing product category. Accordingly, by combining our companies, we envisioned we would improve patient access, patient experience, and clinical outcomes.

Looking at the revenue guidance from December when you guys acquired AeroCare, you had $2.05 billion, $2.2 billion of revenues, and then compare that to the new guidance of $2.38 million versus $2.48 million. So we’re just getting into this business now for a little over a year. As we had said on previous calls, as we get a little more data behind us, if it continues, our trends continue, and we are indeed above that 10% to 12%. You can expect us to refresh that perspective as we start talking about 2022 guidance as we’ll do in about 90 days from now. Well, the acquisition work and the — and the part of that is already done for AeroCare.

So as long as we’re not piling them up on top of an operational team one after another, which we don’t do, we should be able to handle that fairly efficiently. And I guess my next question, since I have you, Steve, I think at the beginning of the year, when we were looking at your long-term growth targets, one of the things you guys mentioned was trying to buy $100 million to $150 million worth of revenue a year. So our managers out in the field are incentivized to grow their revenue level, not what they had three or 12 months ago.

High expectations on employees without appreciating them. Poor training across the board .They care more about the money then employees and patient overwhelmed management team poor work moral within the company employee turnaround is extremely high making it harder on lower management and employees. Consistently merging with other companies and making changes cause mass confusion for everyone. In addition, the Company’s non-GAAP financial guidance in this release excludes the impact of any potential additional future strategic acquisitions and any specified items that have not yet been identified and quantified. The guidance also excludes macro-economic effects due to the COVID-19 pandemic that are not yet quantifiable.

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