earnings
confidence high
sentiment neutral
materiality 0.80
ApolloMed Q3 revenue $348.2M (+10% YoY), EPS $0.47; acquires CFC for ~$202M
Astrana Health, Inc.
2023-Q3 EPS reported
$1.03
revenue$1,033,625,000
- Total revenue $348.2M (+10% YoY); net income $22.1M ($0.47 diluted EPS) vs $23.2M ($0.50).
- Adjusted EBITDA $52.0M (15% margin) vs $57.1M; full-year guidance narrowed to $1.34-1.39B revenue.
- Agreed to acquire Community Family Care (200k+ members) for ~$202M cash/equity; expected close Q1 2024.
- Entered $300M term loan amendment to expand credit facility to $700M; $100M stock repurchase from APC.
- Partnerships: Associated Hispanic Physicians (~25k members), Advantage Health Network, Wider Circle CalAIM.