BioScrip Reports Fourth Quarter and Full Year 2018 Financial Results
BioPlus Acquisition Corp. (BIOS)
Last bioplus acquisition corp. earnings: 11/6 06:00 am
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Source: GlobeNewswire
DENVER, March 15, 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 fourth quarter and full year 2018 financial results. Fourth Quarter 2018 Highlights Net revenue of $183.6 million, up 2.8% compared to $178.5 million in the fourth quarter of 2017, on a comparable ASC 606 basis.The company recorded a bad debt adjustment which reduced both net revenue and adjusted EBITDA by $7.5 million.Net revenue year over year growth of 7.8%, excluding bad debt expense of $13.3 million and $4.0 million from both current and prior year net revenue.Net loss from continuing operations of $15.4 million, compared to $1.7 million in the prior year.Adjusted EBITDA of $11.6 million, or $19.1 million before the $7.5 million bad debt adjustment, compared to $17.1 million in the prior year qu
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