Risk Factors Update Summary
- AdaptHealth incurred an aggregate non-cash goodwill impairment charge of $830.8 million during the year ended December 31, 2023.
- AdaptHealth's board authorized a share repurchase program for up to $200 million, which expired on December 31, 2023.
- AdaptHealth's significant stockholders beneficially owned approximately 10.42% and 10.26% of the company as of December 31, 2023.
- AdaptHealth's net revenue generated from providing services under Round 2021 contracts may have a material impact.
- AdaptHealth's compliance with climate-related laws, such as the Climate Corporate Data Accountability Act and the Climate-Related Financial Risk Act, may impact its capital expenditures.
- AdaptHealth's internal control over financial reporting was ineffective as of December 31, 2023, due to material weaknesses.
- AdaptHealth's operations are subject to risks related to outsourcing internal business functions to third-party providers.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1725255&owner=exclude
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