AdaptHealth announced financial results for the fourth quarter and fiscal year ended December 31, 2021. The company highlighted its continued growth and prosperity despite the pandemic, CPAP equipment shortage, and supply chain challenges. They were pleased with their free cash flow generation as they exited the year.
AdaptHealth has continued to grow and prosper despite the worldwide pandemic.
The company faced a shortage of CPAP equipment.
The company faced higher costs from supply chain challenges.
AdaptHealth was very pleased with free cash flow generation as they exited the year.
AdaptHealth updated its previously issued financial guidance for fiscal year 2022 based on current business, market trends, governmental reimbursement updates, acquisitions to date, and an expected continuation of shortages of PAP devices. The guidance does not include any contribution from acquisitions that have not yet closed, or continuing Public Health Emergency benefits beyond the currently scheduled expiration date.
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