AdaptHealth guides initial FY23 revenue of $3.21B-$3.29B, consensus $3.26B

Sees FY23 adjusted EBITDA at $690M to $750M and total capital expenditures expected to be 9-11% of net revenue. The company states: "Guidance for fiscal year 2023 reflects anticipated net impacts from scheduled changes in the reimbursement and regulatory environment, including increased revenue related to the consumer price index updates to the DMEPOS fee schedule, the extension of current rural and non-rural/non-CBA blended Medicare rates and the extension of sequester relief in 2023. Consistent with prior guidance estimates, the Company’s guidance for fiscal year 2023 does not include contribution from any acquisitions that have not yet closed."