Option Care Health reports double-digit increases
By HME News Staff
Updated 8:35 AM CDT, Wed July 27, 2022
BANNOCKBURN, Ill. – Option Care Health reported net revenues of $980.8 million for the second quarter ended June 30, 2022, a 14% increase compared to the same period last year.
Gross profit was $216.9 million, or 22.1% of net revenue, up 9%. Adjusted EBITDA was $85.2 million, or 8.7% of net revenue, up 17%. Cash flow from operations was $104.4 million.
“Overall, the second quarter was very productive for the Option Care Health team,” said CEO John Rademacher. “We continue to execute on our purpose of providing extraordinary care that changes lives. Despite continued inflationary challenges, we delivered strong financial results and we believe we are well positioned going into the second half of the year.”
For the full year 2022, Option Care Health is increasing its guidance to:
- Net revenue of $3.85 billion to $3.95 billion
- Adjusted EBITDA of $330 million to $342 million
- Cash flow from operations of at least $250 million.
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