2022 Guidance and E.S.G. Considerations
General & Administrative Expenses - Adjusted (1.2)
Impacted by COVID-19, acquisitions and investments to drive volume growth
$ in Millions
4Q20
1Q21
2Q21
3Q21 4Q21
Home Health Segment - Total
Salary and Benefits
80.5
80.0
81.3
% of HH Revenue
24.4%
24.3%
23.3%
82.4
24.3%
84.7
Other
25.1%
Corp. G&A Subtotal
Non-cash comp
Hospice Segment - Total
47.9
46.3
48.4
% of HSP Revenue
23.5%
24.2%
25.3%
49.5
25.1%
54.0
26.4%
Adjusted Corporate G&A
4Q20
25.0
1Q21 2Q21 3Q21 4Q21
23.4
22.0
22.1
21.7
13.2
12.7
11.6
12.8
10.4
38.2
36.1 33.6
34.9
32.1
4.6
5.3
4.5
2.8
4.0
42.8 41.4
38.1
37.7
36.1
Total G&A as a Percent of Revenue
Personal Care Segment - Total
3.0
% of PC Revenue
17.2%
3.1
18.2%
3.1
18.1%
2.6
2.4
34.0%
16.5%
15.7%
32.8%
31.6%
31.8%
31.8%
High Acuity Care Segment - Total
32.0%
3.8
6.2
% of HAC Revenue
-%
-%
-% 255.2%
30.7%
305.7%
30.0%
Total Corporate Expenses
42.8
% of Total Revenue
7.8%
41.4 38.1
7.7% 6.8%
37.7
36.1
6.8%
6.5%
28.0%
4Q20
Total
% of Total Revenue
174.2
31.6%
170.8 170.9 176.0 183.4
31.8% 30.7% 31.8%
32.8%
1Q21
2Q21
G&A as a Percent of Revenue
3Q21
4Q21
Notes:
•
•
Year over year total G&A as a percentage of revenue increased 120 basis points ($9 million); 20 basis point
($3 million) increase excluding Contessa
Increases related to the Contessa acquisition, raises, the addition of resources to support growth, higher travel and
training spend and higher health insurance costs were offset by lower incentive compensation costs
Total G&A as a percentage of revenue increased 100 bps sequentially
1.
2.
The financial results for the three-month periods ended December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021 are
adjusted for certain items and should be considered a non-GAAP financial measure. A reconciliation of these non-GAAP financial measures is included in the
corresponding 8-K detailing quarterly results for each respective reporting period.
Adjusted G&A expenses do not include depreciation and amortization.
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