our essential to are anybody is. overnight and it everybody. service, expected Hi and a been world in want and care the to services. of interesting who provide out open of we our in to statements don’t It that this focus things financial really has on change near of we are to are program things more term. continuing Because number are pressing I patients increasing and tight kind really nature, that I patients and very for the XXXX. think the keep seeking do yet
of discussing it's I be because the subsequent and pretty those -- want end to the and but I will address your call in statements financial question toward COVID-XX the this of call, a and question get some your just interview then the keep to tight if We those to get things. don't items to
say just will even as posted if questions subsequent not many everything those to we call it's answer So try I to get can. can of this to possibly this as
I guys a want at these into change start I So year-to-year. want first balance lot are go these for you pretty looking the to do seem numbers away to calls. at time. lot A to as right of going be statements sheet and dramatically from of our sheet balance the I into you're looking financial on to the --
of was in we in to not So June if us, acquisition of an $XX familiar our you're and year. size did base. That acquisition $XX adding million revenue existing about financial with last million,
will So the their Not year from onwards. X of June we recognizing June XX. performance be full
Family Physicians this all with see RX of five refer FPRX same or I call with you're RX. has here So the to change thing. to a are that they as do of lot this may that it but that to acquisition on going star
is how that stores. idea thing to you I individual be the an give referring want Another guys going quickly about to I'm to
Beach will that's Blvd. stores. flagship referring the the located that's Beach. North N. with is Miami address be XXX and go to PharmCo store Care The probably original because as XXX I So Miami of PharmCo in Progressive
did Beach. location acquisition in location West That main XX,XXX that to a we that's in Then month. a XX,XXX So XXXX does which is about prescriptions we PharmCo Palm XXXX. the have smaller
They're one I and we and two locations. then XXXX one have FXRX they PharmCo FXRX as Davey will be that Orlando. So have referring to company,
FPRX in their we and family they're them to originally to call referring of but physician. everybody keep kind for throughout or but FXRX I'll be this the it use FXRX I'll try consistent and So
So you referred might as FPRX be to document for short. in the
going lot with most net the in a different and our and of of trying same able trying we to cash grow increase financing to to We're So grow using of look enhance trying capabilities We're received company. at the be from not and accretive. principle do Elliott. do so they We're a pay and to regards has everything the When again. we Elliott have that to to financing of XXXX and that the same the pay sheet, in us Chicago We're group, acquisition funds Vanderbilt. do is company. into to we the balance Chicago with that we the people, not is to company payroll. financing, the gave
So for with down deal issues. to future when we and debt take past take financing, we Not it's purpose. our
has in cash So million. our cash relatively receivable their call going receivable highlight at that did it had cash is I going to went $XXX,XXX up that five-star up, on It receivable, the Accounts and end XXXX, we our the of this about I do one is the we $X.X to addition into that, of that noted again about specifically had the want performance building. accounts brand, and stable. last remained I year. and We year --
Medicare how that about hear dollars So for or for is and when those those talk us. I to is for cents performance important understand me Medicaid for us, how you adherence is performance performance how important are. important translate our you of us,
here that All who a for were that diabetes, minimum means stores bonus by see the on cholesterol, XX% you'll has mean performance our means over through who through performance hypertension, end through the By we bringing we're drag daily non-adherent for in way June up account patient and have that have nation of filling year. through to So able successfully bring we able anybody patients of their received be That top all five-star their overcome XX% the were four high been stores. doses the in four to stores January XXXX. pharmacy. receivable of through ranked them that and across the our in that of to has we that $XXX,XXX. four That's
dollars our $XXX,XXX towards A receive go So expect and cents building is money buildouts doing April. we going ready. in of to to lot getting and to us and that the up XXX
I Our going family up month. PharmCo building those going physicians and two consolidating for Both the two to a say locations five-star leases are this of in Davey about and and $XX,XXX to we're XXX. am be
year in significantly into location went So forward typically a looking maintain to XXXX under. a we're just savings the Inventory cost we also lot The locating realizing maintain an and operate additional which $XXX,XXX has don't up. by to inventory. lower in don't of building
weeks long in try there. that full $X other week. not and saved inventory. financings we going I equipment sales, loan of about impact once or and be here but million have. is nothing and of for a and insurance and that prepaid a pretty turn about our Prepaid that look is our in at Property inventory the We balance turn two sheet week. about amount the which pharmacy is sure building, once over that A that we fastest Of of here to really the pharmacy think note chunk standard in once you we turning total with our month a value is an very asset that to insurance this is X.X make once X.X. the that is we is hear If the have. was of the any on the have valued comes minimal which biggest million building. their other I've retainers pharmacy inventory expenses the X.X big is That's is that in of we and lot the everything seen make a It's DNO
I making have the on think payments. we only mortgage regular outstanding. We're X.X
amount payments our to with for are going current are the of there additional machine. We all and the mortgage all be our of
able pre-sort do so Sundays medication adherence medication. So know that's spending for that of fill Saturdays much use to also we be much of sorting all pro, our accurately, quicker patients do pro-rata, prescriptions to lot us TCG, good really and more I are two to we allowed and to unit their have dose on to allow a but that. packaging time and us those machines a a and
for anybody have don't know, they doesn’t it's likeness those -- proprietary exact not it's So [ph] the that again pack same machines. machines on that
same and We have do. the systems same that capabilities they
are you equipment So amount fleet. those who for and small property a there going to vehicle the of see in and
other biggest change the is XXXX of in and terms this from assets, structure. so other in assets to down Going
of a XXXX. up So portion is from XXXX that we PharmCo of acquisition this have made goodwill,
assets. And Family then of is not So to that moved acquisition to been intangible the that majority Physicians of has here. part be vast the going
did financial intangible looked audit We you throughout break did not if So at year, do. so for our the we as statements out the we would normally asset.
from a acquisition year did of have We and the our price audit. purchase for fiscal for December so our about year-end -- here accounting to time finalize
which So in prescription and customer the have valuation list for is intangible here doctors. the we patient assets the a
brand for and with owners. have that prior we signed here We an the name management had and an here have amount for prior amount non-compete we the
see assets. intangible here and we So we will time that those be over amortizing will
addition two make change One between am into is of biggest change down the the of short, further I Going the acquisition. things. biggest this and the kind the the liabilities, here here two
not is increase in acquisition. are So payable addition an you of aging. the payable of the that those the accounts payable an is accounts because increase see accounts because That
of simply in revenue not So yearend. we their accounts payable are not that Unearned hands of medications as balance that that sheet. the our have built are the patient is of part
January those prescription automated So equipments, we we the machines, in and for Capital in systems. X:XX at accounting time. XX lease difference our the for X the obligations if that December build are delivered
the this to then thing go other is and into as So the big note. to
for were Iliad. the an liability amount So notes cash derivative down $XXX,XXX for in notes here notes that. -- used million do in going million $X.XX see to took about that. in We acquisition. apologize to in million you're of We from I $X.XX Those paid about payable. Chicago $X.XX and back
us with are the and So far $X.XX have so in Those this call. into now converted notes that converting later I'll leaving amounts get million. on
a are statement amount increase the avenues, and there's down no into possible either is for at know stock guarantee source our us you're if amount on I the it our liability year. derivative or and face consolidated pride their if of we And we possible beginning liabilities say PPMs At a as of derivative Again for lot eliminated beginning as and a and liabilities eliminated. compounds the the key everything formulary. note moving the reason share possible anticipating that performance those this converting in but is the and here operations of evolution become throughout we plans those as the other of with year. I item year associated price we pursue here. expense why note number of the For a you're source operations, headwinds and us the also of we're is key on of go looking seeing the as of since here The covered price
So replaced what successfully we a that drug XXXX was minimal of of and all became in revenue very stable source revenues difficulty]. stable, with income, significant all with small more more of those in [Technical XXXX
this gross percentage up. Family Physicians also of from went acquisition We that the our have actually because and increased margin profit year
we percentages business. So stock we grow when more, to In of XX%. got or profitable company a we are XX% to year total last get
allows margin, revenue That this higher be prescription of with be I more expenses. technology and full the end a is beyond and into of That's again higher to to We the to through with our a enterprise break we profitable get higher technology this the to into find to lot standard did and work lot in should did we're a to thing what branch be stream supplement towards us eliminating about as trying we talk off XXXX. towards XX% just another income that businesses, work here aspect that I'll margin working think trying call. nonessential margin able of medication. year we're able
we're the looking had these we and if into of XXXX at statements at sales a coming looking you're increase and that XXXX. $XX million I So over million operations $XX believe in XX% over
does be looking have is to XXX, background, the including Family Physicians. we're here million not that in that's I and $XX apologize the going ringing PharmCo So you phone for [ph] expectation PharmCo XXXX that's we growth. any from at that, That
we we everything the if nothing So $XX do million at and stays would same, now. be
counts, month a do has in doing company in been increases year-over-year Our prescription for increases have not nothing. over revenue. known month, We
So again our talk of about expectation you Family a that Bad performance little I'll bit somewhere in XXXX this. impact and how COVID-XX up bit gone a little is later. is for $XX to a that close between $XX can more Physicians million the expense the and year see bringing debt into result million
EBITDA year. of what So in lot of closed a Change see that was go non-cash and we going is to Chicago note have you we that improvement loss expense, which there, here this loss changes, differences is other lot this the lot the the I directly that all loss see and that derivative almost our that income a into venture of so is we're is into is expense of a you'll attributable value is throughout $XXX,XXX. September, EBITDA, of a here you the lot $XXX,XXX about and to non-cash humongous seeing. the to acquisition When isolated is and of over a interest in fair and want which
measure COVID-XX big XXXX which that still cash allowed So profitable hugely lot down realizing So that fourth operations we in and is seeing our each payroll change keep that we We and them realizing still a here and good and pretty to the to advantages, in have net to to things XXXB a CARES actually need those we loss forgivable house a every at realizing us advantages are in competitive any available that during our banks to can our again A XXXX. may quarter whatever bonuses. quarter. flows of had started that the don't able in in inherent operating crises, big We're and We health We for their here performance, general fourth with obligations. us a turnaround we steady profitable in revenue, insurance pretty we being growth be also on impacted that but we raise all bonuses Act. maintained. of for of whatever looking holding not March. that sure are started our and realizing precautionary the financings may those money and meeting the started are started has where our bringing is available, staff benefits member receiving quarter exploring through realize pursue that be house through the case we're make amounts
equity statement of not owner shares returned want Going shares into Those to our The of we Family item the agreement. to I change renegotiations equity of point materially. statement, part is as are the XX million here did out of the one issued XX million terms the previous to being us. Physicians purchase the
our -- this signed sheet. in and more just to hand. balance all our us have certificates that of all back medallion We're for to that guarantee We off the one to spend waiting transfer allow off agent bring bring
of the non-cash we a solid XXXX cash well. in at XXXX, operations here and in were shape here the lot and see have we a items flow of here also again that things and a increase allowing pretty of XXXX us to the Going operations. we A from presented financing of cash in end with cash and if cash acquisition net by the our is cash Chicago that's our you changes cash hear Elliott into so have we predominantly is the position see the non-cash have item cash coming as maintain are flow, in number XXX,XXX lot good of of we here you flow in do used but to a and from note, and net see maintain that have you which
think cash have either point $XXX,XXX I position. from on a at good to throughout $XXX,XXX that and hand fluctuates in some given in about we're the any but we month,
any down don't We have not expect to. and needed take we tranches to additional
have as concerns unlike didn't issue here the So a profitable able be cheap, going conversion lot improvement notes far will going taking were deal Elliott outstanding have stability doors that of able we and sought addressing house about of industry The to The I place crises. of I release in our to that before as a great the thing DIR headwind of we be for a positions the our of and amongst in the out, will the we far I is call. we in sell put matter one our restrictions are XXXX us that lot in we realize to a about we us fact quarter want put and And into press the seeing changes that as any as an think the resilient then of that and on competitors, a company immensely fourth and key around what be lot into only and the in close anybody's highlights and the PBMs into is formularies we gables, after and XXXX. allowed enormous momentum just the to Chicago to that the board. in improvement as throughout being to are is it here XXXX and out we how our and of from doing going and is didn't biggest immensely in point year, this further benefits those losses, in to biggest here position as as turn are far despite across fees and
provide in provide physician like CDS the not not this crisis We're of of to Now be to community of inception Orlando and for doing what by sought North we're have during to care. and from across their it in been thrive all withstand level because the since we of our of independent we to that the [ph] why XX oh for company the this practitioners being time we any the there decided woke it performance, provider level crises. but best risk they We've out probably pharmacy up and only years. that's are now of be all health that of provided want able way homes primary
take can everybody to this go to I quickly and I So question possible. am so turn over into comment want over to call as we to as it through Stuart account that get going and now
