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AdaptHealth AHCO Acquisitions

Acquisitions at other companies

CVS Health logo
CVS HealthCVS
$4M-96.6%
Cardinal Health logo
Cardinal HealthCAH
$42M-98.5%
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
$42.2M+525%
ResMed logo
ResMedRMD
-$325.32M-335%
Aveanna Healthcare Holdings Inc. logo
Aveanna Healthcare Holdings Inc.AVAH
$3.71M
The Pennant Group, Inc. logo
The Pennant Group, Inc.PNTG
$2.09M

Other financials

Income statement

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Revenue$819.8M+5.4%
Gross profit$111.5M-7.4%
Operating income$5.5M-76.3%
Net income-$16.0M-123%
EPS (diluted)-$0.12-140%

Balance sheet

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Cash & equivalents$48.0M-10.6%
Total debt$2.0B-4.9%
Total equity$1.5B-3.9%
Total assets$4.4B-0.3%

Cash flow

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Operating cash flow$93.7M-1.9%
CapEx$121.2M+26.8%
Free cash flow-$27.5M-47,297%

Valuation

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Market cap$806.46M-39.9%
Enterprise value$2.76B-13.7%
P/S0.3×-0.2×

Profitability

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Gross margin18.3%-1.6pp
Operating margin8%+6.9pp
Net margin-2.4%-5.1pp
FCF margin5.8%-2.6pp

Returns & leverage

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Return on equity-5.2%-10.8pp
Debt / equity1.3×0.0×
Current ratio0.9×-0.4×

Where this comes from

Reported directly by AdaptHealth in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: AdaptHealth’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030602
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net cash provided by operating activities93,72295,527
Cash flows from investing activities:
Purchases of equipment and other fixed assets(121,212)(95,585)
Payments for business acquisitions(84,683)
Proceeds from the sale of assets1,439
Net cash used in investing activities(204,456)(95,585)
Cash flows from financing activities:
Proceeds from borrowings on lines of credit100,000

Item 1. Interim Consolidated Financial Statements (Unaudited)

FAQ

What is AdaptHealth's acquisitions?
AdaptHealth (AHCO) reported acquisitions of $84.68M in Q1 2026.
What is the long-term trend for AdaptHealth's acquisitions?
Over 4 years (2021 to 2025), AdaptHealth's acquisitions has grown at a -59.8% compound annual growth rate (CAGR), from $1.62B to $42.38M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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