the Havidathe largest operator Health and dental planswith 16 million users, generated free cash flow of R$51.9 million in the third quarter. The negative indicator is due to the deterioration of earnings before interest, taxes, depreciation and amortization (EBITDA) modified, and an increase in payments with repayment fees for SUS And pay medical bills and supplier bills from previous quarters, which arose after systems integration.
second Jorge Pineiro, CEO From Hapvida, this cash burn won’t happen again next quarter. “It’s been meticulous. We’ve had an impact from the investments we’re making in our network. This expansion will deliver positive results. We’re looking at the long term,” he said.
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The company is investing 2 billion Brazilian reais to build hospitals and clinics, especially in São Paulo and Rio de Janeiro, the places where the group faces the greatest difficulty in expanding due to competition.
the EBITDA It decreased by 2% to R$746.4 million in the quarter and the margin of the respective index fell by 0.8 percentage points to 9.6%.
Adjusted net profit increased by 4% to R$ 338 million, benefiting from financial gains.
The company reported cash burn of R$25 million in the quarter. This calculation came from an amortization of R$51.9 million from free cash flow and R$92.3 million from mergers and acquisitions, which in turn were partially offset by R$119.1 million from financing activities.
Cash resources were used for the following purposes: R$136 million in medical and supplier invoices, R$74 million in social contributions system reimbursements, R$81 million in civil emergencies, and R$225 million in investments (capital expenditures).
In the acquisition line, the amount of R$ 51.5 million corresponds to the monthly installments of the agreement with the seller Notre Dame Intermedica and R$40.8 million in payments for retained portions of acquisitions, such as Santa Monica, Belo Dente, Grupo São Francisco and others.
At a rate Accident rate The percentage rose 1.4 percentage points to 75.2%, driven by an increase in medical incidents. The company is already planning to normalize in November.
The company achieved modest growth in the number of health plan users, reaching just 12,000 new lives. “We are not satisfied with this number,” Pinheiro said. “We will grow. The biggest competition is in São Paulo, where we focus a lot on building premium hospitals.”
the profit It rose by 6% to R$7.8 billion in the quarter, driven by the increase in average ticket.
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