BioScrip Comments on Implementation of Medicare Home Infusion Transition Benefit
BioPlus Acquisition Corp. (BIOS)
Last bioplus acquisition corp. earnings: 11/6 06:00 am
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US:NASDAQ Investor Relations:
bioscrip.com/investors
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Source: GlobeNewswire
-- Reaffirming Guidance for 2019 Adjusted EBITDA of at least $75 million -- DENVER, Nov. 01, 2018 (GLOBE NEWSWIRE) -- BioScrip, Inc. (NASDAQ: BIOS) ("BioScrip" or the "Company"), the largest independent national provider of infusion and home care management solutions, today announced that the Centers for Medicare and Medicaid Services (“CMS”) published a final rule yesterday afternoon for the implementation of a transitional benefit payment, beginning January 1, 2019, for Medicare Part B home infusion services (the “Cures Fix”). “The Cures Fix is only one of many positive drivers for our business in 2019 and beyond. While the Company disagrees with CMS’s interpretation of the law, we now have clarity on the final rule, and can reaffirm our guidance for Adjusted EBITDA of at least $75 million in 2019, reflecting our confidence in BioScrip’s underlying business and successful execution across the four key pillars of our Vision 2020 strategy. We are making significant progress in
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