BioScrip Reports First Quarter 2019 Financial Results
BioPlus Acquisition Corp. (BIOS)
Last bioplus acquisition corp. earnings: 11/6 06:00 am
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bioscrip.com/investors
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Source: GlobeNewswire
DENVER, May 02, 2019 (GLOBE NEWSWIRE) -- BioScrip, Inc. (NASDAQ: BIOS) ("BioScrip" or the "Company"), the largest independent national provider of infusion and home care management solutions, today announced its first quarter 2019 financial results. First Quarter 2019 Highlights Net revenue of $179.0 million, up 6.2% compared to $168.6 million in the first quarter of 2018.Net revenue up 7.8% on a billing day rate basis; there was one less billing day in the first quarter of 2019 as compared to the first quarter of 2018.Net loss from continuing operations of $10.3 million, compared to $13.0 million in the prior year quarter.Adjusted EBITDA of $7.1 million, up 25.6% compared to $5.6 million in the prior year quarter, despite $4.5 million of increased bad debt expense in the current year quarter.Net cash used in operating activities of $6.6 million, reflecting $7.0 million of operational cash flow and $13.6 million of interest payments, including a bi-annual
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