AdaptHealth’s revenues are static in Q3
By HME News Staff
Updated 11:06 AM CST, Tue November 5, 2024
PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.
Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%
“I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high performing team and investing in areas that allow us to serve even more patients in their homes.”
AdaptHealth is updating previous financial guidance for fiscal year 2024 as follows:
- Net revenue of $3.220 billion to $3.260 billion, from $3.255 billion to $3.315 billion
- Adjusted EBITDA of $655 million to $675 million, from $660 million to $700 million
- Free cash flow of $175 million to $195 million, from $160 million to $180 million
During the quarter, AdaptHealth closed on its agreement to sell certain custom rehab technology assets to National Seating & Mobility.
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