AdaptHealth CEO: We are unlocking full value ‘step by step’ 

CONSHOHOCKEN, Pa. – AdaptHealth reported second quarter revenue of $800.4 million, down from $806 million for the same period the prior year. 

Net income attributable to AdaptHealth was $14.7 vs. $19.4 million, about a 24% decrease. Adjusted EBITDA was $155.5 million vs. $165.3 million, a 5.9% decrease. 

As part of its financial results, AdaptHealth also announced a definitive five-year agreement with a major national health care system. The company will serve as the exclusive provider of home medical equipment and supplies across the health care system’s broad network of hospitals and medical offices. 

“AdaptHealth’s momentum continues to build,” said Suzanne Foster, CEO. “We delivered another quarter of solid results in the second quarter. We are driving revenue growth, underscored by today’s milestone announcement of a new capitated partnership with a major national health care system. We are advancing multiple initiatives to boost operating efficiency, elevate the patient experience and expand our profit margins. And we are making rapid progress reducing debt and fortifying our financial position. Step by step, we are executing on a focused plan to unlock the full value of our enterprise, guided by our dedication to providing exceptional service to the 4.2 million patients that depend on us.” 

Financial outlook

AdaptHealth is updating previous financial guidance for fiscal year 2025, as follows: 

• Net revenue of $3.18 billion to $3.26 billion, from $3.15 billion to $3.29 billion 
• Adjusted EBITDA of $642 million to $682 million, from $662 million to $702 million 
• Free cash flow of $170 million to $190 million, unchanged