Home Article Option Care Health posts gains

Option Care Health posts gains

Option Care Health posts gains

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By HME News Staff

Updated 9:30 AM CDT, Thu July 27, 2023

John RademacherBANNOCKBURN, Ill. – Option Care Health reported net revenue of $1.07 billion and net income of $114.4 million for the second quarter of 2023. 

Gross profit was $250.8 million or 23.5% of net revenue, and adjusted EBITDA was $110.1 million for the quarter. 

“The Option Care Health team executed on another solid quarter of financial results,” said John Rademacher, CEO. “Our commitment to providing unparalleled care that produces superior clinical outcomes makes us confident in our continued growth trajectory as we head into the back half of the year.” 

For the full year 2023, Option Care Health expects to generate: 

  • Net revenue of $4.2 billion to $4.3 billion 
  • Adjusted EBITDA of $415 million to $425 million 
  • Cash flow from operations of at least $350 million, inclusive of Amedisys termination fee, net of expenses.

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