AdaptHealth Reports Q1 Earnings, Highlights Capitated Agreement Growth and Debt Refinancing
AdaptHealth reported $819.8 million in net revenue for the first quarter of 2026 with a year-over-year increase of 5.4% driven by organic growth led by Sleep Health (+13.3%). The company completed its largest patient transition under a new capitated agreement, boosting membership to about 15 million and generating $74.9 million in capitated revenue. However, elevated labor costs from the onboarding process reduced adjusted EBITDA below guidance.
Tickers: $AHCO
Topics: capitated agreements debt refinancing ebitda guidance revenue growth