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Sep 30, 2022
Astrana Health Q3 2022 Earnings Report
Apollo Medical Holdings reported strong financial results driven by revenue growth and strategic transactions.
Key Takeaways
ApolloMed reported a 40% increase in revenue to $317.0 million, but net income attributable to AMEH decreased to $26.0 million. The company closed acquisitions of All American Medical Group and Valley Oaks Medical Group in October 2022, and entered into an agreement to acquire For Your Benefit. The company is raising annual guidance for revenue, net income and EBITDA, and reiterating guidance for Adjusted EBITDA.
Revenue increased by 40% to $317.0 million compared to Q3 2021.
Net income attributable to AMEH was $26.0 million, compared to $34.3 million in the prior year.
Diluted EPS was $0.56, compared to $0.74 in the prior year.
Adjusted EBITDA was $57.1 million, compared to $62.9 million in the prior year.
Revenue by Segment
Forward Guidance
The Company is raising annual guidance for revenue, net income and EBITDA, and reiterating guidance for Adjusted EBITDA.
Positive Outlook
- Total Revenue: $1,095.0 - $1,115.0 million (previous: $1,055.0 - $1,085.0 million)
- Net Income: $50.5 - $67.0 million (previous: $38.0 - $57.0 million)
- EBITDA: $107.5 - $133.5 million (previous: $81.0 - $111.0 million)
- Adjusted EBITDA: $136.0 - $166.0 million (reiterated)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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