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AMERICAN RENAL ASSOCIATES HOLDINGS, INC. ANNOUNCES FOURTH QUARTER 2016 RESULTS

BEVERLY, MA (March 7, 2017) - 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 quarter and year ended December 31, 2016. 

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).

Fourth Quarter 2016 Highlights (all percentage changes compare Q4 2016 to Q4 2015 unless noted):

   

 

 

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Net patient service operating revenues increased 14% to $199.1 million;

 

 

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Net income (loss) attributable to American Renal Associates Holdings, Inc. was $(7.1) million or $(0.02) per share as compared to $6.8 million or $0.30 per share in Q4 2015;

 

 

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Adjusted EBITDA less noncontrolling interests (“Adjusted EBITDA-NCI”) increased 3.4% to $32.2 million;

 

 

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Adjusted net income attributable to American Renal Associates Holdings, Inc. was $8.7 million or $0.26 per share for the fourth quarter of 2016;

 

 

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Total dialysis treatments increased 11.4%, of which 10.3% was non-acquired growth (“NAG”); and

 

 

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As of December 31, 2016, the Company operated 214 outpatient dialysis centers serving approximately 14,500 patients. 

 

Joseph (Joe) Carlucci, Chairman and Chief Executive Officer, said, “I am proud of the collective efforts of the ARA team during 2016. ARA’s dedicated staff remained focused on our Company’s first priority – delivering the highest quality patient care. We ended 2016 with very low dialysis clinic staff turnover of 6.9%, physician satisfaction rates that put ARA in the 99th percentile of health care organizations according to Press Ganey data, and very strong performance in the Centers for Medicare & Medicaid Services (CMS) end stage renal disease (ESRD) Quality Incentive Program (QIP). According to data recently released by CMS, only 10.9% of ARA’s dialysis facilities will receive reductions under the 2017 ESRD QIP payment year as compared to 19.4% for the industry overall.” 

“Our differentiated partnership model allows us to deliver high quality dialysis care in an integrated and coordinated manner with our physician partners. We opened 20 new de novo clinics and ended the year with a pipeline of 33 signed clinics at December 31, 2016. Our pipeline continues to be strong and reflects the growing acceptance of our operating philosophy within the nephrology community,” continued Carlucci.

 

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The following information was filed by American Renal Associates Holdings, Inc. (ARA) on Tuesday, March 7, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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