BioScrip Reports Second Quarter 2019 Financial Results
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
DENVER, July 30, 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 second quarter 2019 financial results. Second Quarter 2019 BioScrip Highlights Net revenue of $191.5 million, up 8.9% compared to $175.8 million in the second quarter of 2018.Gross revenue1 of $196.8 million, up 13.1% compared to $174.0 million in the prior year quarter.Net loss from continuing operations of $14.2 million, compared to $15.1 million in the prior year quarter.Adjusted EBITDA of $15.5 million, up 35.4% compared to $11.4 million in the prior year quarter.ASC 606 adjustment (bad debt) as a percent of gross revenue improved to 4.6%, compared to 5.3% in the first quarter of 2019; cash collections increased $29.1 million or 17.7% compared to the prior year quarter.Net cash provided by operating activities of $2.7 million, reflecting $7.9 million of operational ca
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