The HapidaIt is the largest operating company. health and dental planninghas 16 million users and burned R$51.9 million in free cash flow in the third quarter. The negative indicators are due to a deterioration in earnings before interest, taxes, depreciation and amortization (Evida) adjusted and increased spending with redemption fees. SUS It also includes medical expenses and supplier invoice payments from the previous quarter that were incurred after the system integration.
Number 2 Jorge Pinheiro, CEO In Hapvida’s case, this cash burn will not occur again in the next quarter. “It was punctual. The investment in our network has paid off. This expansion will have positive results. We are looking at the long term.”
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The company is investing R$2 billion to build hospitals and clinics, particularly in São Paulo and Rio de Janeiro, where competition has made it most difficult for the group to expand.
The Evida Sales for the quarter decreased by 2% to R$746.4 million, and margins decreased by 0.8 percentage points to 9.6%.
Adjusted net profit increased by 4% to R$338 million, benefiting from financial gains.
The company reported cash burn of R$25 million in the quarter. This account was due to the consumption of free cash flow of R$51.9 million and the consumption of R$92.3 million from mergers and acquisitions, partially offset by R$119.1 million from financing activities.
Cash resources were used for the following purposes: R$136 million for medical expenses and supplier claims, R$74 million for reimbursements from SUS, R$81 million for civil emergencies, and R$225 million for investments (capital expenditures).
In the acquisition line, R$51.5 million corresponds to the monthly installments of the contract with the seller. notre dame inter medica R$40.8 million as payment for the portion retained from acquisitions such as Santa Monica, Vero Dente and Groupe San Francisco.
at a rate of Accident rate Due to an increase in medical accidents, the percentage rose by 1.4 points to 75.2%. The company is already planning for normalization in November.
The company’s health insurance enrollment increased slightly, with just 12,000 new lives. “We are not satisfied with these numbers. We are going to grow. Our biggest competition is São Paulo and we are focusing there and building high-end hospitals,” Pinheiro said.
The revenue The increase in average ticket prices during the quarter resulted in an increase of 6% to R$7.8 billion.
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