Apria Profit Dips in First Quarter
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Apria Inc. (Nasdaq: APR) is reporting first quarter net income of $4.5 million, down 29% from $6.4 million during the same period last year. Chief Executive Officer Dan Starck said the company is optimistic about the steadily increasing volumes of people seeking non-COVID-related healthcare services.
The company, which provides integrated home healthcare equipment and services, says it leveraged its national infrastructure to move assets around the country and it continues to manage its cost structure accordingly.
“We delivered strong first quarter 2021 results ahead of our expectations on all three of our key metrics and we built on momentum from 2020 establishing a solid foundation for future growth,” said Starck. “The country experienced a significant surge in COVID cases coming out of the holiday season through mid-February, and the team at Apria as well as the industry played a critical role serving as the pressure relief valve for hospitals by getting people home to free up hospital capacity for the most severe cases.”
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