Here are 11 points on the company’s first quarter;
1. Net revenue hit $1.88 billion from continuing operations and $593.5 million from discontinued operations.
2. Envision Healthcare had net earnings from continuing operations of $30.7 million, or $0.26 per share.
3. Net losses from discontinued operations were $478.2 million, or $4.10 per share.
4. Envision’s adjusted net earnings totaled $94.4 million. Of this total, $80.4 million were from continuing operations and $14.0 million from discontinued operations.
5. Adjusted net earnings were $0.77 per share,.
6. Envision had $282.6 million in adjusted EBITDA.
7. The company yielded losses of $7.1 million due a settlement ending its largest population health management services contract, which its Evolution Health subsidiary offered.
Physician services division
8. The company’s physician services division had $1.56 billion in net revenues.
9. The division has 6.3 percent growth in new contracts since the beginning of 2016. Contract termination comprised 8.5 percent of first quarter revenue.
10. Revenue growth was 5 percent.
11. Adjusted EBITDA totaled $150.1 million.
“Our organization has made considerable progress since our merger late last year, focusing on operational execution while re-positioning our offerings within a constantly evolving healthcare services space,” said Christopher A. Holden, president and CEO of Envision. “We’re taking necessary steps to align our services with a strategic vision that builds on our leadership as a physician-centric organization.”
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