Evolent Health reports Q1 adjusted EPS 34c, consensus 24c

Reports Q1 revenue $639.7M, consensus $600.82M. CEO Seth Blackley stated, “We are pleased with our Q1 results and the solid momentum in the business as we raise our revenue guide for the year, and reiterate our full year Adjusted EBITDA and year-end exit run-rate Adjusted EBITDA guidance. We also achieved an important operational milestone in ending our transition services agreement for NIA, which marks the end of a successful acquisition integration. Further, we are excited to announce today the acceleration of our patient navigation capabilities through an exclusive partnership with Careology. Finally, we are excited about our initial work on accelerating our artificial intelligence capabilities and the value we believe it will have for Evolent and our partners in the near future.”