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AdaptHealth (AHCO)

AdaptHealth is a leading provider of home healthcare equipment, medical supplies to the home and related services in the United States. AdaptHealth provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home, adapt to life and thrive. Product and services offerings include (i) sleep therapy equipment, supplies and related services (including CPAP and bi PAP services) to individuals suffering from obstructive sleep apnea, (ii) medical devices and supplies to patients for the treatment of diabetes (including continuous glucose monitors and insulin pumps), (iii) home medical equipment (HME) to patients discharged from acute care and other facilities, (iv) oxygen and related chronic therapy services in the home, and (v) other HME medical devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy and nutritional supply needs. The Company is proud to partner with an extensive and highly diversified network of referral sources, including acute care hospitals, sleep labs, pulmonologists, skilled nursing facilities, and clinics. AdaptHealth services beneficiaries of Medicare, Medicaid and commercial insurance payors. AdaptHealth services approximately 1.8 million patients annually in all 50 states through its network of 269 locations in 41 states.

Company profile

Ticker
AHCO
Exchange
CEO
Luke McGee
Employees
Incorporated
Location
Fiscal year end
Former names
DFB Healthcare Acquisitions Corp.
SEC CIK
Subsidiaries
State of Inc. • ABC Medical, LLC • Absolute Respiratory Care, LLC • Access Medical, LLC • Accucare Medical Equipment, LLC • ActivStyle Holding Company • ActivStyle, LLC • AdaptHealth - Missouri LLC • AdaptHealth Holdings LLC • AdaptHealth Intermediate HoldCo LLC ...

AHCO stock data

Analyst ratings and price targets

Last 3 months

Calendar

10 May 22
10 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
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Cash on hand
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Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 119.43M 119.43M 119.43M 119.43M 119.43M 119.43M
Cash burn (monthly) 10.07M 1.06M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 43.79M 4.61M n/a n/a n/a n/a
Cash remaining 75.64M 114.82M n/a n/a n/a n/a
Runway (months of cash) 7.5 108.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jun 22 Susan T Weaver Common Stock Grant Acquire A No No 0 9,321 0 41,894
22 Jun 22 Theodore B. Lundberg Common Stock Grant Acquire A No No 0 9,321 0 13,830
22 Jun 22 Barasch Richard A Common Stock Grant Acquire A No No 0 14,970 0 353,907
22 Jun 22 David Solomon Williams III Common Stock Grant Acquire A No No 0 9,321 0 18,339
22 Jun 22 Connors Terence J Common Stock Grant Acquire A No No 0 9,321 0 23,339
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Competition
InogenApria
Management Discussion
  • Comparison of Three Months Ended March 31, 2022 and Three Months Ended March 31, 2021.
  • Net Revenue. Net revenue for the three months ended March 31, 2022 and 2021 was $706.2 million and $482.1 million, respectively, an increase of $224.1 million or 46.5%. Net revenue for the 2022 and 2021 periods included $0.3 million and $1.3 million, respectively, from referral partners and healthcare facilities in support of their urgent needs as the coronavirus pandemic has led to an increased demand for respiratory equipment including ventilators and oxygen concentrators. Excluding this revenue, net revenue was $705.9 million and $480.8 million for the three months ended March 31, 2022 and 2021, respectively, an increase of $225.1 million. The increase in net revenue was driven primarily
  • by acquisitions completed after December 31, 2020, which increased net revenue by $212.6 million, including the acquisition of AeroCare which occurred on February 1, 2021. Additionally, net revenue during the three months ended March 31, 2022 was impacted by a recall of certain ventilator, BiPAP, and CPAP devices supplied to AdaptHealth by Philips Respironics (Philips). On June 14, 2021, AdaptHealth received notice from Philips that these devices would be included in a Philips voluntary recall due to potential health risks to patients. Currently, it is not possible to purchase these products from Philips, which has led to shortages in the supply chain, and other suppliers are unable to meet the strong patient demand for these products, which has materially affected AdaptHealth’s ability to service patient demand for these devices during the three months ended March 31, 2022.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
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