Record First Quarter Visits Per Clinic Per Day
The company achieved the highest first quarter visits per clinic per day in its history, ending March with 33.2 visits per clinic per day, despite weather challenges.
Increase in Adjusted EBITDA
Adjusted EBITDA increased by 16.5% despite headwinds, with a significant performance boost in March.
Strong Growth in Injury Prevention Segment
The Injury Prevention segment saw a 29% year-over-year increase in revenue and profit, driven by organic growth and new contracts.
Metro Acquisition Performance
The Metro acquisition, completed in November, showed a strong visit per clinic per day increase from 44 in January to 50 in March.
Workers' Compensation Revenue Growth
Workers' compensation as a percentage of revenue increased to 10.9%, the highest since 2020, contributing significantly to revenue mix improvement.
Successful Contract Negotiations
The company successfully increased net rates, with a notable $2.29 per visit increase over the previous year, despite a 2.9% Medicare rate cut.