Agility Health Reports 2015 Financial Results - EBITA Increases by 218% Through Consistent Growth and Focus on Profitability
(firmenpresse) - GRAND RAPIDS, MICHIGAN -- (Marketwired) -- 05/02/16 -- Agility Health, Inc. (TSX VENTURE: AHI) ("Agility Health" or the "Company"), today reports its financial results for the fourth quarter and year ended December 31, 2015. All amounts are expressed in U.S. dollars unless indicated otherwise.
During 2015, the Company achieved its goals of improving operational performance and business development, which included a strong focus on greenfield clinic expansion and focused expansion of contract services, including expansion of industrial rehabilitation services.
Financial and Operating Highlights for 2015
(All comparative figures are for the corresponding period of the prior year)
"Agility Health''s financial results for 2015 demonstrate the fulfillment of many of the operational changes and initiatives that began in 2014, as we''ve worked diligently to shepherd the Company toward consistent growth and profitability," stated Steve Davidson, Agility Health''s Chairman and CEO. "We continue to focus on internal growth initiatives, including maintaining a greenfield clinic expansion opportunity pipeline, and seeking new or expanded contract customers across all lines of business. We remain focused on driving improvement in revenue enhancing initiatives into and throughout 2016."
Financial and Operating Highlights for the Fourth Quarter, 2015
(All comparative figures are for the corresponding period of the prior year)
Selected Financial Information
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
December 31, 2015 and 2014
(Expressed in US Dollars)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Years ended December 31, 2015 and 2014
(Expressed in US Dollars)
About Agility Health
Through its subsidiary and principal operating entity, Agility Health, LLC, Agility Health operates a multi- state network of outpatient rehabilitation clinics and provides contracted services to hospitals, nursing homes and other institutional clients, providing care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and a variety of other injuries and conditions. In addition, Agility Health provides a number of ancillary services related to physical rehabilitation, including practice management software systems and custom orthotics. As of December 31, 2015, Agility Health operates 87 outpatient or onsite rehabilitation locations in 14 states. Agility Health''s contract therapy services business provides rehabilitative services to 33 hospitals and inpatient rehabilitation units, 28 nursing homes, long-term care facilities and other service locations in 8 states. For more information, please visit investors.agilityhealth.com.
Non-IFRS Financial Measures
Agility Health''s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS). The Company also uses certain non-IFRS measures, such as EBITDA to measure its financial performance. EBITDA is defined by the Company as the addition of net loss, depreciation and amortization and financial expenses. The Company uses EBITDA for the purpose of evaluating its historical and prospective financial and operational performance. Management believes that EBITDA is a useful measure for evaluating the performance of the Company. EBITDA is not a performance measure recognized under IFRS, therefore it does not have any standardized meaning prescribed by IFRS and may not be comparable to similarly titled financial metrics reported by other companies.
Forward-Looking Information
This press release contains forward-looking statements regarding Agility Health and its business. Such statements are based on the current expectations and views of future events of Agility Health''s management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release, including the anticipated future growth of Agility Health, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumption and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Agility Health undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Steven N. Davidson
Chairman and Chief Executive Officer
(616) 356-5000
Ray Matthews
Ray Matthews and Associates
(604) 818-7778
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Datum: 02.05.2016 - 06:36 Uhr
Sprache: Deutsch
News-ID 1431889
Anzahl Zeichen: 9432
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GRAND RAPIDS, MICHIGAN
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Healthcare
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