Exceeding Expectations in Q1 2025
First quarter results exceeded expectations with a same-unit revenue growth of over 6% and adjusted EBITDA of just over $49 million, leading to an upward revision of the full-year 2025 adjusted EBITDA outlook to $220 million to $240 million.
Cost Management Success
Practice-level operating expenses reflect favorable impacts from cost management initiatives, with same-unit salary expense trends decelerating for the fourth consecutive quarter.
NICU and Hospital-Based Service Growth
NICU days increased by 2%, with strong volumes in hospital-based services contributing to overall growth.
Improved Cash Collections
Accounts receivable DSO improved by over four days year-over-year due to better cash collections at existing units.
Interest Income Boost
Interest income increased due to cash parked in attractive rate vehicles, contributing to other income.