Adapthealth Corp (OQ:AHCO)

Business Focus: Medical Equipment, Supplies & Distribution

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
 
See Regulatory Filings on SEC
Company Contact
Address: 220 W Germantown Pike Ste 250
PLYMOUTH MEETING PA 19462
Tel: N/A
Website: https://adapthealth.com/investor-relations
IR: See website
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Key People
Richard A. Barasch
Chairman of the Board, Interim Chief Executive Officer
Joshua Parnes
President, Director
Suzanne M. Foster
Chief Executive Officer
Jason A. Clemens
Chief Financial Officer
Shaw Rietkerk
Chief Operating Officer
Albert Prast
Chief Technology Officer
Christie Archbold
Chief Accounting Officer
   
Business Overview
Adapthealth Corp. provides patient-centered, healthcare-at-home solutions, including home medical equipment (HME), medical supplies and related services. The Company is primarily focused on providing sleep therapy equipment, supplies and related services, including CPAP and bi PAP services to individuals suffering from obstructive sleep apnea (OSA); medical devices and supplies to patients for the treatment of diabetes, including continuous glucose monitors (CGM) and insulin pumps; home medical equipment to patients discharged from acute care and other facilities; oxygen and related chronic therapy services in the home; and other HME devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy and nutritional supply needs. The Company services beneficiaries of Medicare, Medicaid, and commercial insurance payors. It serves patients annually in all 50 states through its network of approximately 680 locations in 47 states.
Financial Overview
For the fiscal year ended 31 December 2023, Adapthealth Corp revenues increased 8% to $3.2B. Net loss applicable to common stockholders totaled $678.9M vs. income of $63.4M. Revenues reflect Insurance segment increase of 7% to $1.93B, Government segment increase of 9% to $852.8M. Net loss reflects General and administrative expenses increase of 19% to $144.6M (expense), Other loss (income).
Employees: 10,700 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,403M as of Dec 31, 2023
Annual revenue (TTM): $3,200M as of Dec 31, 2023
EBITDA (TTM): $621.63M as of Dec 31, 2023
Net annual income (TTM): -$678.90M as of Dec 31, 2023
Free cash flow (TTM): $143.20M as of Dec 31, 2023
Net Debt Last Fiscal Year: $2,103M as of Dec 31, 2023
Shares outstanding: 132,907,103 as of Feb 23, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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