AdaptHealth Corp

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Debt Financing / Related, Other Pre-Announcement

Adapthealth Corp Announces Total Purchase Price Of About $2.0 Bln, Comprised Of $1.1 Bln In Cash And 31 Mln Shares Of Adapthealth

Published: 12/01/2020 12:11 GMT
AdaptHealth Corp (AHCO) - Adapthealth Corp.
Announces Acquisition of National Hme Provider Aerocare Holdings Inc. and Updates Financial Guidance for 2021.
Adapthealth Corp - Total Purchase Price of Approximately $2.0 Billion, Comprised of $1.1 Billion in Cash and 31 Million Shares of Adapthealth.
Adapthealth Corp - Deal Expected to Be Financially Accretive to Growth, Earnings, and Cash Flow.
Adapthealth Corp - $50 Million in Estimated Run-rate Cost Synergies Identified From Deal.
Adapthealth - Intends to Fund Cash Portion of Consideration & Associated Costs Through Incremental Debt.
Adapthealth Corp - Has Committed Debt Financing From Jefferies Finance Llc.
Adapthealth Corp - Increasing Financial Guidance for Fiscal Year 2021 for Net Revenue to a Range of $2.05 Billion to $2.20 Billion.
Adapthealth Corp -sees Fiscal Year 2021 Adjusted EBITDA to Be in a Range of $480 Million to $515 Million.
Adapthealth - 2021 Guidance Assumes Aerocare Deal Closes on Jan 31, 2021, Includes Estimated Financial Results of Combined Co From Feb 1, 2021.
Adapthealth Corp - Reaffirms Its Previously Disclosed Full Year 2020 Guidance.