m_and_a
confidence high
sentiment positive
materiality 0.65
AdaptHealth closes infusion asset sale, reduces debt by $65M, updates FY2025 guidance
AdaptHealth Corp.
- Closed disposition of certain infusion assets in Wellness at Home segment; assets had ~$52M annual revenue and ~$5M annual Adjusted EBITDA.
- Used proceeds for $65M term loan prepayment; cumulative $135M debt reduction (including $70M prepayment in May).
- Revised FY2025 guidance: revenue $3,150M-$3,290M; Adjusted EBITDA $662M-$702M; Free Cash Flow $170M-$190M.
- Company expects $30M cash taxes on gains from this disposition.
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