Adeptus Health (ADPT) Misses Q2 EPS by 11c While Sales Rise 80.6%

Adeptus Health (NYSE: ADPT) reported Q2 EPS of ($0.22), $0.11 worse than the analyst estimate of ($0.11). Revenue for the quarter came rose 80.6% to $44.2 million versus the consensus estimate of $43.5 million. Adjusted EBITDA was $5.9 million, an increase of 43.1% over prior year.

Thomas S. Hall, President and Chief Executive Officer, said, "We are pleased with second quarter results as we continue to rapidly grow our First Choice Emergency Room network. Our freestanding emergency rooms, which provide high-quality service by board-certified physicians, are clearly filling a need for convenient, neighborhood access to emergency medical care. We are transforming the patient experience, with improved access and reduced wait times resulting in patient satisfaction scores in the top 1% of emergency departments nationally, as measured by Press Ganey."

"Additionally, we are pleased to announce the completion of a funding and development agreement with Medical Properties Trust ("MPT") for an additional $150.0 million, which will further support our growth initiatives. Our previous agreement with MPT included $100.0 million to fund the development of freestanding emergency room projects."

For earnings history and earnings-related data on Adeptus Health (ADPT) click here.

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