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AMERICAN RENAL ASSOCIATES HOLDINGS, INC. ANNOUNCES THIRD QUARTER 2017 RESULTS
BEVERLY, MA (November 14, 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 third quarter ended September 30, 2017.
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 2017 Highlights (all percentage changes compare Q3 2017 to Q3 2016 unless noted):
 
Net patient service operating revenues decreased 2.7% to $187.7 million;
Net income attributable to American Renal Associates Holdings, Inc. was $8.0 million as compared to $12.4 million in Q3 2016;
Adjusted EBITDA less noncontrolling interests (“Adjusted EBITDA-NCI”) was $28.1 million as compared to $32.5 million in Q3 2016;
Adjusted net income attributable to American Renal Associates Holdings, Inc. was $6.4 million, or $0.19 per share, for Q3 2017;
Total dialysis treatments increased 6.8%, all of which was non-acquired growth. The Company estimates that operational disruptions related to Hurricanes Harvey and Irma unfavorably impacted Q3 2017 treatment growth by approximately 0.4%; and
As of September 30, 2017, the Company operated 217 outpatient dialysis centers serving approximately 15,200 patients. 

Joseph (Joe) Carlucci, Chairman and Chief Executive Officer, said, “We are very pleased with our third quarter 2017 results. During the third quarter of 2017, our organization maintained its strong focus on delivering high quality patient care, while also sustaining its performance on the operational initiatives we outlined earlier this year. Our third quarter results further demonstrate that these operating initiatives firmly position our organization in a manner that should allow us to maintain a more efficient cost structure going forward.”
“During the third quarter of 2017, we opened one new de novo clinic, sold one clinic and ended the period with a pipeline of 36 signed clinics at September 30, 2017. Our business development pipeline continues to be strong and reflects the growing acceptance of our operating philosophy and the physician partnership model within the nephrology community,” continued Carlucci.



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The following information was filed by American Renal Associates Holdings, Inc. (ARA) on Tuesday, November 14, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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