Home Article Option Care Health reports increase despite ‘ongoing disruption’

Option Care Health reports increase despite ‘ongoing disruption’

Option Care Health reports increase despite ‘ongoing disruption’

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By HME News Staff

Updated 9:49 AM CDT, Thu April 28, 2022

BANNOCKBURN, Ill. – Option Care Health reported revenue of $915.8 million for the first quarter of 2022, an increase of 20.6% compared to the same period in 2021. 

Gross profit was $200.9 million, an increase of 21.4% compared to the same quarter in 2021. Adjusted EBITDA was $77.8 million and cash flow from operations was $32.7 million. 

“Despite a dynamic start to the year and ongoing pandemic disruption, the Option Care Health team executed exceptionally to ensure high quality patient care and solid financial results,” said John Rademacher, president and CEO. “Overall, we expect 2022 to be a productive year as we continue to navigate a challenging environment and invest for future growth.” 

For the full year, Option Care Health expects to generate net revenue of $3.75 billion to $3.90 billion; adjusted EBITDA of $320 million to $335 million; and cash flow from operations of at least $230 million.

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