Exceeded Expectations with Strong EBITDA
Adjusted EBITDA of over $73 million exceeded expectations, driven by over 6% growth in same unit revenue and strong hospital-based volume.
Increased Cash Flow and Improved Cash Position
Operating cash flow increased to $138 million from $109 million in the prior year, with a cash balance ending at $225 million.
Reduction in Expenses and Improved Efficiency
Decreased G&A expenses due to staffing reductions and modest decreases in other expense categories, contributing to a decline in D&A expenses.
NICU Volume Growth
NICU days up over 6%, driven by strong hospital-based service volumes.
Successful Portfolio Restructuring
Portfolio restructuring led to a decrease in non-same unit activity but was offset by strong same-unit growth.