American Renal Associates (ARA) Tops Q3 EPS by 4c, COO to Step Down
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American Renal Associates Holdings, Inc. Announces Third Quarter 2016 Results
November 10, 2016 4:16 PM ESTBEVERLY, Mass.--(BUSINESS WIRE)-- American Renal Associates Holdings, Inc. (NYSE: ARA) (ARA or the Company), a leading provider of outpatient dialysis services, today announced financial and operating results for the third quarter ended September 30, 2016, together with certain other developments described below.
Certain metrics, including those expressed on an adjusted basis, are Non-GAAP financial measures (See Use of Non-GAAP Financial Measures and the reconciliation tables further below).
Third Quarter 2016 Highlights (all percentage changes compare Q3 2016 to Q3 2015 unless noted):
Net patient service operating revenues increased 15% to $193.0 million;... More