Client Loss ImpactThe initial outlook for FY25 underwhelmed as the integrated care segment is not expected to grow organically due to a large client loss, FX headwinds, and an elongated ramp of CCM enrollments and Tricare members.
Cost Leverage IssuesThere is a lack of cost leverage expected for FY25, which impacts both segments.
Revenue And Guidance ChallengesThe softer revenue/EBITDA guidance will be the biggest focus point and will weigh on shares.