BioScrip Reports Third Quarter 2018 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, Nov. 06, 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 its third quarter 2018 financial results. Third Quarter 2018 Highlights Net revenue of $181.0 million, compared to $198.7 million in the third quarter of 2017. Excluding exited UHC therapy line revenue from the prior year quarter, net revenue increased approximately 5%.Net loss from continuing operations of $8.1 million, a $5.0 million improvement compared to the prior year quarter.Adjusted EBITDA of $16.4 million, 25% above the prior year quarter, driven by a 510 basis point improvement in gross profit margin, reflecting ASC 606 pro forma adjustments.Core mix increased to 75.7%, a 60 basis point sequential increase compared to the second quarter of 2018, and a 10 basis point increase compared to the pr
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