INFU - Earnings call transcript Q1 2021 | InfuSystem Holdings, Inc.

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Operator

Good day, ladies and gentlemen and welcome to your InfuSystem Holdings, Inc. reports First Quarter Fiscal Year 2021 Financial Results. [Operator Instructions] At this time, it is my pleasure to turn the floor over to your host, Joe Dorame. Sir, the floor is yours.

Joe Dorame

Thanks, Melinda. you of us InfuSystem thank the to and results financial Holdings, morning for today joining review Good Inc. for ended the March XXXX XX, XXXX. first quarter of With Lachance, President DiIorio, Chief Operating are Steele, the Financial and us Officer; Chief Carrie Executive Barry Rich and Officer; Officer. today on Chief call open the After will of a for prepared today’s call conclusion question-and-answer we remarks, the session. at call release, www.infusystem.com full text the the press you If websites. retrieve a company’s numerous anyone, copy or have website participating other financial does not on from can today’s it of

Commission, we conference company I fact, XXXX. of Before contain may meaning by some would to filed which for Except ended remind constitute are risks statements InfuSystem begin and team during call for the of the of the management under within involve with December by the on Securities made the the of year statements statements XX, that documents Private call like this forward-looking with XXXX. Factors Exchange Annual prepared Risk Report statements including detailed Form conference this Securities remarks, the everyone, Litigation historical XX-K the and of Act uncertainties, forward-looking certain Reform and

as statements only any obligation statements assurance to update Forward-looking the statements result undertake otherwise. forward-looking give disclaims new specifically a be whether not of events and prove or were as made. correct. can date to that speak company the will information, The forward-looking of no such InfuSystem future statements, does any

I DiIorio, InfuSystem. over Chief Rich like Executive the of turn Rich? call Now, Officer would to

Rich DiIorio

in taking morning I InfuSystem first as momentum your are quarter. our financial call. continued XXXX build with to welcome join hope you start strong our to us Thank business in XXXX safe. this and quarter and Joe Thanks, and performance to everyone staying off you solid for the all time morning a to earnings and is families the good first

devices result direct thank and is to InfuSystem provide were to team another commitment entire in demand more work their for of and of dedication available hard to for the to and strong medical the Our I our the rising strong patients highest our want the our our performance service offerings delivering treatments. levels quarter. team’s for convenient ensure uninterrupted

the review our business an XXXX and quarter, financial provide will for We discuss results XXXX for XXXX for guidance outlook on the our first balance our and update beyond. plans and of for the

For prior of the continue of XXXX. of first XX% over an year quarter an of the at XXX% over $XX.X EBITDA of increase $X.X XXXX. XX% operating revenue Adjusted from and cash net increase increase million, an million, we of XXXX, grow flow delivered million, $X.X to

touch put We credit with facility services more will place OB in also Healthcare, acquisitions and on $XX transactions biomedical expanded I FilAMed our of later. the million and a DME

last XX% first This Our the we oncology ITS the one a with by ever. year despite primarily seasonality of quarters solid of over grown business, experienced had best platform operating gross driven its typical quarter. in margin has the is XX.X% which

adding and better did an in already management increased for job Our providing treatments accounts plans patient market new performed quarter. Pain share. oncology aggressive team the outstanding our that more our than

increase online. record great team back patients coming customers a to a Our largely and in surgeries number a both treated elective of did due pain and big job new

to pain expect XXXX. revenue we to progress double in in our pain, are the Given making continue we

momentum. Therapy the Wound our Negative first solid to Pressure business, quarter, build During continue

changes taking space. of occurring one in now to in wound from in patients Our team materially our our competitors as is some week implemented levels. place pressure on This continues to I commented the platform. seen is growth treat negative our every ITS care the the contributing of Last and observation more disruption service its contribution disruption quarter,

for opportunity This real several a strategic create changes we investment with means these negative to we capture on people our accelerate share. have InfuSystem, market that will have that knowledge increase in made decision strong pressure. rapid impact and XXXX. do the and determined investments hired anticipate we significantly the are We space these to We with provided revenue resources and them have necessary the already in in significant not help to more the are expecting us be growth,

of material net revenue $XXX negative home pathway million goal the capturing believe our we to original the for definitely However, and XXXX benefit market. shorten pressure X% healthcare in to could the be XX% of will estimated

and emphasize about to days. was We we is XX% market the Healthcare OB the first the X to service even the each special patient of FilAMed patient The levels continuing than ever the enhance quarter, there XX electrosurgical range provided and biomedical and we during DME services units and gross us to monitors. with the our optimistic to the that business now the million and particularly in commitment Switching means first broader services broaden last are within The compression service prospects includes industry-leading more pumps. strong our flexibility quarter, driven us more the platform. small growth and capabilities credit unique of providing was defibrillators, companies acquire of and to revenue solid second, devices, demand by our care, facility in opportunity completed margins wound $XX DME, generated infusion care. new for XX.X%

firmly Additionally, preventative to perform strategic acquisitions that our putting now and catalyst healthcare ITS it change can I onsite on the nationwide. inventory provide and of repair, with hospital maintenance physical device believe profile teams DME par will these systems business. growth management biomedical our

and business to over acquisitions to provide Chief FilAMed with Carrie? Healthcare. Carrie color to oncology like would Operating OB and I and Now, on more it our Officer, Lachance the our President turn

Carrie Lachance

on call everyone warm platform. than the in more Rich. saw To our start, Thanks, to we welcome the A am quarter great to I today. discuss happy oncology

continue best to workflow Not we only points oncology, make return Rich improvements. our treatment are second had numbers a we we post-COVID ever. significant As in out, quarter normal to seeing

They and managing improvements systems. continuous are than at and paperwork revenue Our the customer end are both own our within level service and cycle delivering teams customer stronger ever. back

any time in getting other the We are faster processing paid submitting past. bills, claims than and

with of acquisition have many to I to a the They the From on team OB the operation how and and have pleased extremely fit smooth and Healthcare have addition in how standpoint, the integration completed which together from have lightning has been our and and reporting been an well are board. into merged Healthcare culture. speed learned OB systems. thrilled their teams perfect has adopted our a team of structures the wonderful of am they the We team

combining scale and nationwide immediate with acquisition our the occurred, our capabilities like following we Just it by FilAMed saw footprint. in February, opportunities

the strength by excited new in markets go and over with to to through share are aggressively turn InfuSystem’s acute market in these our company financials. With We position Barry of addressable expand it additions, our synergies a care. that, will grow to the created the two which I significantly puts

Barry Steele

Thank Carrie. you,

both the Rich and every year out nearly As prior compared first financial improved as the quarter. during XXXX Carrie pointed to first metric we quarter, on

touch free fund We drivers the revenue main reduce cash a continue all net flow small I double-digit and will flow of to increased these of for expenditures, grow capital margins to at and on our providing cash dramatically increases. rates. our expand profitability acquisition. operating few a We

quarter. prior collections collections increased while pumps better growth services demand our oncology, Selling, December percentages. Wound increase in the percentage of capital driven million management dollars for as to FilAMed down the billings, fixed quarter raised expenditures was debt all for our in expense, Improved mix, increase, on by was our funded from prior EBITDA the increased new X.X% net net year, the higher and higher than operating and by Therapy strong to Negative to this ratio levels our Pressure as increase and adjusted to at expenses, $XX.X continued expenses investment in as almost cover working segment, EBITDA our This $XXX,XXX which favorable – compared margin infusion year. XX, cost revenue improved Despite from XX, on First, pain and most costs. a X.XXx of reduction with sufficient net a and flows the product million capital the the non-cash selling partly to volumes and revenue in due $X.X driven by amount was despite EBITDA improved cash to coverage due general of but market and net was the DME smaller coverage decreased and the XX% XXXX. gross of XXXX a the lower administrative the margin $X.X sales in by general market X.XXx March stock-based of compensation penetration and in of decrease improvement adjusted of in was the The requiring decreased end improved with adjusted XX%, businesses. marketing prior coupled both debt, by revenues The billings only our million a at increase of in fixed, at net higher a revenue gross of administrative acquisition, margin which was lower $XXX,XXX which year. the

over Our our I of to the the mainly more end than our since quarter With fourth debt, February turn to end fund total totaled of X, quarter, will debt was resources doubled outstanding at leaving available the and that, Rich. growth. the liquidity than back it bank of due to at our ample actual refinancing the higher was million $XX continued

Rich DiIorio

Barry. services. is teams services strong for for between leading InfuSystem long-term our The of continuity home-based Thanks, and hospitals provided healthcare care building foundation success industry in to the a treatments. by in-home facilitating enable patients

year by double-digit our in DME will and be As in and a ITS both of another net revenue for XXXX record driven strong EBITDA, adjusted result, expect InfuSystem, we platforms. with growth growth

to and acquisitions be and to fourth the net two, the for and ITS market and months; platform be am our on tuck-in recent launching $XX current remainder to $XX million that a to of pressure small in time, of cash $XX our on: share our reaffirming enhance $XX million our capabilities of therapy pain full OB services adjusted XXXX four, identifying million, and million. platform, range range to and this of the ITS will strategic negative our partnerships Healthcare the the new million revenues within and growing and annual on biomedical EBITDA acquisitions currently focus million guidance: oncology, acute range expand At I $XXX the will our management within Our therapies one, be new to wound XXXX three FilAMed offerings. flow year expand three, care; coming in of within be $XXX leveraging operating therapy; to

We forecasting are be XX%. also to EBITDA adjusted margin

rate. run and $XX the to million of million we to combined be in on our net XXXX a $XX $X year projecting negative million us range pressure businesses management in in revenues exiting Additionally, pain are with the

Looking setting are ahead, of margins. adjusted company goal a EBITDA we new XX%

setting do are when timeframe will achievable We on but this goal in happen, the near not a we an it’s believe future. very

our the positive developments. our for consistently of deliver revisiting growth XX% business, excited and company year when on very for we more its the the am XXXX, margins. next strength on of anticipate for quarter, next phase plan InfuSystem gross the in the these half second we have is plus XXXX planned entering Given development, visibility year-over-year and strong the to have right of increasing team our we guidance activity with future full I guidance corporate as place

am number are evaluating I drive extremely of significant team opportunities have by will any and we to that new And We to service in developing execute are top leading improving therapies, answer the highly that growth and believe providing strategic successfully with customers have to a new potential confident patient partnerships. InfuSystem committed questions. plans and line our bottom and happy adding the outcomes. identified was growth. continue industry we excellent with growth services that, new our

Operator

Please [Operator first, sir. we to Craig-Hallum. go Nowak you. Thank with And Alex Instructions] ahead, go

Trent McCarthy

Trent is jumping clinics of as clarify thing at you all when CPT previous potential than And you can a color or McCarthy Quick to change reopened? I double-digit the close and on us hospital from being that? could overanalyzing This more for see more remind some to the on on just on you am this Alex. pain pain code morning. Good double the How well if your fully commentary, millions is outlook status are management, a provide could business? just

Rich DiIorio

Trent. morning, good Yes,

how close are surgeries are back to that to kind XXX% online, they as far close as number. relatively of being So elective

pretty sorts are how think and They is this hospitals much with happening to centers I COVID what’s at point. deal surgery the of resources things. and ambulatory and open understand those

by wise, and it, don’t I are And I think to still I we a more in into patient off original they it little catching it, bit know there we’re patients if numbers, don’t XXX%. think little growing because last want a go numbers hesitant driven But could and are were our bit that’s put – little yet of overall hospital. the – customers to the COVID if but that walk back are at is but we maybe we’re a they off are this every team the much seems I at that a new like XX% year number when dropped census. time, It on added, the with week. has of just closer

of line. before So on vaccine it and with and back I months be states everything a certain goes shape, fully couple I according think will in good plan of the overall really back again, if we’re we’re just think a opening matter up to

the the code to the months docs I paid. from getting and XX away so in code, far or dealing with government probably, we’re CPT a As guess to if lobbying CPT as we’re had get for

and a have the to I the or at a few a think dollars treat when and country government you and pump use for addicted. avoid hundred it’s opioid that no-brainer, narcotics pay a of in a patient look prescription rather with write gets the abuse this

by the just So financials this be would, that should kind makes good CMS. of sense covered certainly sense. this It’s common

XXXX in the good So time And of will little and pace hasn’t by of I just we then of is, business, end millions ahead We doubling far changed. the think as as a the of a we’re it’s get before code. year. actually this news think be it we bit that double-digit matter

XXX% this really hitting news, number all I to even and pain faith now good they really have their but are are into way. do, that’s mentioned, in year yet fully think stride I a and next are year going to So like news we hit roll we going they open that for I and be and the not it’s business, that good when the

Trent McCarthy

it. what Got kind fourth potential on make know the happen? therapy, And about reaching could anything Are I about out you here? previous fifth you mentioned to of you deals And exploring the there call. the partners therapy a the just there? you is still follow-up, guess, us tell partnerships are there I medical therapy what to fifth

Rich DiIorio

Yes.

right just us of coming to there partner. to right a one time. lot are the manufacturers at So, of us It’s matter a picking the

therapy, As this still we far the fourth it believe the happen will by as middle year. of

the have over announcement. So, next couple will of an months, we

just the our expect it pressure new, of year all is are much are depends conditions take fifth about than next it would to It can next today on, something don’t with this the depends me, Services just of out, couple we to it in more we something. business, to our We where but are end hand the what of quick Fifth you are really on opportunity we therapy how of doing and finalizing by months therapy, DME be timeframe and to what’s and how come competitive therapy, And could, are going we to happen how pain will and and to coming how out we at it year? the Could execute new for fifth now the a it growing and a on launch want I important have off. get we I running. see don’t just but one. up partner market the much but the through show are accreditation it’s will what yet kind we reasons, our point have agreements, on negative on and kind really growing much but

Trent McCarthy

And Okay, that’s is focus consistently Is from fourth then now or has wound to oncology can been and in one you reaccelerate do anything steady me, grower online? helpful. last all coming here, on the pain now now. there and therapy your penetration

Rich DiIorio

to cancer that, obviously way – more will aside or that a there. it’s is infusion drug of for for business, there there ambulatory out the an out But via oncology In that’s therapy sales help. our given just comes mid different there. job a kind new of pump, from more core force growth no is new digits kind their If growing to and next kind no really the seeable for way day-to-day growth guys to doing and of But future. going it of high-single force type

Trent McCarthy

Okay. Thanks for the questions.

Rich DiIorio

Thanks, Trent.

Operator

– Next I we go apologize.

with Next, line Lake ahead. go we Street. to of go Frank Takkinen the Please

Frank Takkinen

on congrats question taking the my for quarter. Thanks and

quarter. me, next increase heard with potentially quarter, from the in one First on guidance, your strengths given first of the about in guidance, comments expectations the the

just is as I bit ahead beginning conservative what Although many more of I at a trending feels this you your expectations? portion conservatism what me completely, of lines to little to directly, business your of wanted applaud are ask keeping the year,

Rich DiIorio

just it’s in that, Frank. early but think it’s I Yes, the year,

X months only readjust months more if a in We’re we want some raise few news. good and guidance to in, I it wouldn’t have then today

I it’s models do again. time don’t working So out August, it of opportunities to there it. timing feels it are all and good probably to we now the on raise and there which want we to early have now, When talk just right next think to be have a is we our raise will lot

of just have I’d information guys rather visibility a more better when give months. So couple you we in

Frank Takkinen

end of you you beginning us could into next? to how this deeper the changing Okay, to to prefect. of how that, little a wanted change, the going is about year landscape accelerate ramp a the wound bit and the potential bit secondly little your little And about Can more then comments goals. your landscape the growth the a business, take feel bit competitive that share on heard that in ask just market over to just competitive

Rich DiIorio

Yes.

touch piece really high wound oncology pressure, can catalog negative business, on in service our very paper a it’s It’s and not business. care of in something selling, takes that you the similar specifically to and dropping a put It’s consultative one we a off the of a our it’s and already lot probably sell it competitors conversation, to considerably. it. is believe about and is service levels So, of time of

like we probably right strength standpoint, any someone take decided an decision and see better service oncology our on. wheelhouse times planet, what’s there your perfect we as are pressure. handful a one on and things we’ve probably into The has to is we our try good in fact service only now. opportunity from And in marriage pull their the what where especially of that to and life capitalize opportunity anyone own negative else’s right fits than the for in two of we into So happening company’s decided are and a exactly and that’s this, we’d and back us not crazy, can that levels. and of converging the our a in competitors – It’s be to as an

thought opportunities us crazy not more front and more have, it. pushing we’d we’re of to in So in not just would faster just because probably but be take chips, we the than we

talked market that the XX% mean accelerate gets fast X% Maybe, bigger, that but to I does the I’ve from share how So time is will there, to it get years, past. the X the certainly in opportunity X think we about bigger? tell

Frank Takkinen

is that any thoughts that pieces to – And get expectation help goal. sounds how great. pull then, of from down number? your to just us That you XX% Can to it. explain range updated talking important are that last get recent newer acquisitions the to around And the can specifically EBITDA an or to you most XX% me, getting there to longer what just then more Got margin? one to you to

Barry Steele

a really of It’s combination Barry. is things. This

be be more to increase As productive secondly, we rounds, will we we costs volumes, at fixed as rounds. more and able to and leverage those And more. be have higher will we grow our our able higher

grow. SG&A working tools driver. was will as be main actually that a use the leverage will different This we We and things line to

Frank Takkinen

for taking questions. Thanks Perfect. my

Rich DiIorio

Thanks, Frank.

Operator

& Next, Sidoti we line ahead. Please Sidoti the with Jim go to of Company. go

Jim Sidoti

questions. morning. well. to am glad Couple of are good you doing Hi, I hear

to reimbursement people have can infrastructure, sales about how new You’re and the have use enter your you entering service pretty additional meaning sales the you new but can to folks hire it’s doctors? markets, or just clear and you you how you infrastructure new as leverage sell First, markets go your team? out

Rich DiIorio

I on think depends partnership. both, it it’s the probably

a add So this couple to people. if something might that’s If pain with space, we’re of has negative sales specialty already team, only in at have we partnering somebody a or anybody it’s oncology, is the the that our a then space will to new no therapy there those other pressure than just or really we maybe need leverage two. existing specialist just markets, a add team, it’s in point,

it too, the even of kind we any go So decision-making right. to our a just probably hire will on depend XX opportunity the in of If really the just it – of depends the above, And existing and can leverage on and part if oncology into it that’s circumstance. have we be to people XX process market. attractive that’s the market, get less can break just it than into reps, plus

Jim Sidoti

we of you should next, pretty – right you the or number close immediately have people that that whatever the – profitable? to right assume enter you’re to least people of number So at make you take market

Rich DiIorio

That’s probably that assumption.

Jim Sidoti

of you cost you’d second have do pricing to be the from power then me. do hit pass the end we inflation in that or able And you year think on? Okay. If that

Rich DiIorio

which of on depends It business. the side

through So rates. from insurers, way to reimbursement the on more right, when tough ITS the the them, it’s it’s the from side, money go get

ITS of DME DME on not there again, the side. all sorts if but we the through how have that on pass the always we potential On sensitive to necessarily on is things, depends customer yes, side, it is side, the need potential it and

Jim Sidoti

you. Thank Alright.

Rich DiIorio

Thank you. Yes.

Operator

James Please to of Northland with Next go we Securities. ahead. the line Terwilliger go

James Terwilliger

Hi, hear you me? can guys,

Rich DiIorio

James. Yes. Good morning,

James Terwilliger

start off. year morning. Good Nice the quarter to

business, in compared historical but talked since is, me so numbers? was and about, Could talk business First in question this go oncology. you back that about you to why the strong strength the you’re such your from player a

Rich DiIorio

has has years, didn’t of an for done leadership been Opening that is strong some accounts some but won, whether larger sales up years. the we’ve the that business were new there the of there exceptional team was there some job, couple couple last facilities have, in last that of recently end the it So we early teams service I the revenue the so and are revenue. operations, that customer things, doing year cycle faster, Carrie’s much sorts paperwork that this think paid and better last quickly, year, better, job or processing teams more reps contributes and to sales all just efficiently, also with a more getting those of team of

So in improvement kind is been to of across team there the last X the board, months. just significant XX in that

James Terwilliger

Okay, on within really relates two fit it great. just maybe second your on company anymore rates, margin two question or expand – And acquisitions. can And they my a quickly growth as or to acquisitions, the those position as then their I whole? how their comment you

Rich DiIorio

Yes.

on they how So I’ll fit. touch

to FilAMed – we’re piece, So that we an FilAMed devices. really The team able also infusion what They other maintain. have. at didn’t but expertise some and is brought company that that’s and we’re they worked repair pump on on phenomenal device historically work

So with as ship the Health customer understanding us. to or Health, OB and that opposed to to do ship onsite coupled how devices they go repair, of do the set it has have thousands onsite to of skill a OB having into hospital something so

think help already who And – pretty those into bullish real who and fix to hospitals – and combination. us it are now products be gives the player access I’m few have gives that’s the a basis on you the growing X will FilAMed more business, years, can over be on we in to will rate years. as and X I a perfect into hospital add hospitals the our thousands over at who existing Carrie to why customers, sell growth more mentioned, customers, next that skillsets in next the capability we our devices of a services onsite, footprint to OB a have two services and have the national that’s DME and So us considerable that take you if those Healthcare now

Barry Steele

a But business, a SG&A on they accretive line. have to helpful gross are our the from than our to of don’t margin perspective, lot EBITDA little slightly should is lower be DME bottom the prospects, but average our they bit very margin, so requirements, they which

of it The them that they upfront about as grow we other lot helps of nice require of both stream thing investment. flow a capital create doesn’t is those a require so don’t lot businesses, cash

James Terwilliger

It’s Thanks fantastic. for guys. in jump will Thanks my queue. call. back I taking

Rich DiIorio

Thanks, James.

Operator

[Operator now of Weiss the Investments. DSW Instructions] ahead. line And we go go Please to with Doug

Doug Weiss

Hi, you break between you on this – capital inventory your good the be growth morning. CapEx could it capital and Quick CapEx, do new what have a for of new maintenance will year, out sense for question existing and initiatives?

Barry Steele

in that – when we number. and our $X outlook, $XX million our haven’t for maintenance still terms in million gave range We changed suspect million to $XX to said in I million we $X of think guidance I would that that are we

Doug Weiss

a that could could business over talk business about you segment the sales, And that I little terms a if repair, how don’t of as you as then on understand become is Okay. that are And big time. in service higher think percent so was which curious repair part of important big margins my I and it your our historically and have an what part of that was business DME, bit becoming segment? sense I is a would saying of is

you could more? you indicated think that that, to if a little just sort but talk of I

Rich DiIorio

Yes.

mentioned, is with capital almost as definitely margins, So that associated no Barry high is it. business pretty there

come a a more onsite over our our our is else. stuck in corner. of be and team few to the What multiple to player that that. services with for that We do for maintaining own see a fleet XXX,XXX biomed focus, as years, right. And be has phenomenal the in than the and outside don’t anything to but want we market need dollars the on most of organization think plus does opportunistic devices the generate in an able was regards part another in repair devices, repairing I to job million pumps, at and been we looking inward

We us. FilAMed are That’s sense pumps. much why just for so make infusion

on we we the market there customers based to hospital to going of like makes capabilities onsite I another into service have, service said in sell able the We and and So and already have care are products. to context setting. already have new acute sense the thousands with that now that be

services X the So the over therapy. certainly potential, to the could a new potential X DME match ITS next years

So the a in millions million in of dollars from future, going of tens to almost a dollars year of the we see pattern. couple revenue can

Doug Weiss

would the onsite be the than DME think offsite the line? portion bigger ultimately you do And within

Rich DiIorio

tough devices I lot it’s we hospital. – a us shipped That’s a from of in-house to have say. to to tough capabilities have mean

bigger the the devices their – of want they setting. Some they to hospitals want leave their don’t ones, don’t

have the nice, us to capability based what customer optionality gives really is wants. both, on the it do we’re So which

Doug Weiss

that? that space? And who I who you within mean, do within compete you competing will be

Rich DiIorio

Agiliti, think a people There is think the players, lot in is They which I $XX share. good of a take going is range there relationships biggest probably million that I they and the But of but $XXX our one we to player, now will lot is the UHS dominant devices themselves. re-branded are and ability team our some is, market be our really I with in. million, can how think repair

Doug Weiss

market fragmented a of last a this continue, sort aspect can is where market? Is it And question. you to there roll-up

Rich DiIorio

has good and going we fits. the are sure made not out and to certainly everybody make both a to familiar We – meet is market. our Health’s they and familiar be a the work OB, easier it it their lot of were that OB want first to multiple We with we’re standards is foremost, but piece. fits decisions. in culture, team those to and our people there, There FilAMed’s with guys, all lot make But of does. FilAMed these not so There

So we very But is picky. will time. be other there that can over roll tuck-ins in certainly we yes,

Doug Weiss

Thanks. alright. quarter. Okay, Nice

Rich DiIorio

Thanks.

Operator

At for We to no this have we time, closing remarks. Mr. questions. DiIorio return further

Rich DiIorio

stay call. Melinda. report good and quarter today’s again Thanks, thank talking second we I when participating I for you our and to with hope a want results. XXXX thank you. forward I to on day, has Please safe look everyone everyone

Operator

your participation. for you thank We teleconference. today’s conclude does This you. Thank

time. may at disconnect lines great your You Have a day. this

InfuSystem (INFU) 9 May 212021 Q1 Earnings call transcript