Thank you, I'll our and Mike, outlook. and good morning, balance recap of quarter second sheet. start then results review I'll everyone. briefly XXXX our discussing our provide a by
balance our with Starting sheet.
million additional ACOs. the in $XXX.X subsidiaries. QX, we undrawn letters our our which On was As NEA. credit nonregulated long-term cash had key that equivalents. borrowing regulated announced and nearly XX, one August a all had X investments of of to held $XXX.X end committed in million short million XXXX, insurance We was of facility, million and outstanding our June investors, $XXX billion our liquidity, REACH approximately in $XX.X of and cash million as by $X.X support in cash $XX credit with on We credit of secured of we facility had of we
in our we've the our steps capital believe on close that all for default our permanent steps the needs expires These The care the into We in as balance work with California and announced waiver through facility pending $XXX a partners. of growth of long-term support million a X also million end entered Advantage of of of we company $XXX our credit sale positioning XXXX. first We since August operating facility financing February our we credit sheet business. the taken efficient significantly capital the the quarter are Medicare value-driven strengthen will model. banking
revenue $XXX quarter second Health reported XXXX, revenue the quarter business was the financials. million compared the second reflects our in the as Group results. growth. operations of second business quarter million moved discontinued QX in Consumer Medicare QX year-over-year Advantage result Bright to to to $XXX.X Turning Care for XXX%
performed Care was and in including Solutions ACOs, earlier, in the more business quarter. second Consumer operating XXX,XXX revenue our consumers million. our value-based payers. the million, includes the well in over $XX.X $XXX.X continued $X through REACH revenue, This generated was income commercial As relationships quarter Delivery the XX,XXX with segment segments mentioned our of operating Care REACH ACOs and well Mike our Care Both with in perform consumers. Care in quarter, income than clinics ending business million. $XX and million in XXX,XXX to the QX the was consumers Consumer
profit the prior in $XX.X in million, million was XXXX. $XX.X meaningfully from QX XX.X% company QX in from XX.X% up to year. Total Gross gross margin increased
on when also We reconciliation to for quarter was ratio decreasing cost cost in leverage to operating adjusted in in the XX.X% investment down A operating our XX.X% release and with from the drove quarter, cost operating QX the GAAP material in our ratio press or our cost XXXX QX ratio second XX.X% in website. the of adjusted the XXXX. losses operating provided slides adjusted
positive of was adjusted We reflecting quarter to segment operating leverage. income very were and performance adjusted Our our solid positive for an the consolidated toward EBITDA corporate our report million, the targets. pleased quarter long-term step profitability first important $X.X cost EBITDA, operating
operations discontinued reporting Marketplace Advantage California business. our as wind-down as business insurance includes of Medicare now Our ACA the our held-for-sale well
on positioning, reserved significant CMS is The published basis, has and delivering risk with complete. prudently a remaining the to accrual are point. XX% performed and this this by for half. adjustment the made with at business our The have related business final which advancements we California sheet Advantage risk regards of approximately similar We results claims, runout Marketplace. exit remain limited on of balance in We very the ACA second was very we liability the to year-to-date focused is line believe in Medicare the well
ratio stable. line a continue to found was Medicare Advantage remained cost in and great purchase consumers. medical We our serve the to in and XX.X%, business quarter California expectations, our to The utilization second with partner
close through by and transaction are conditions the with the approvals closing XXXX. We expected regulatory working early to
updated outlook Medicare this morning, business of We California Advantage discontinued year operations. reflecting the have movement the our full to XXXX
and We revenue. outlook range, Care is consolidated narrowed Health which also now Consumer our Bright outlook Group for revenue have enterprise our the
of With our expect in between added $X.XX slides. each billion. billion segments segment revenue enterprise we've new revenue and $X.X the guidance for to our We earnings XXXX new outlook our reporting,
$XXX Care revenue $XXX forecasting and million. for the million, Care $XXX full full are forecasting Solutions we year for $XXX and the We million Delivery between year and revenue are between million
captive have those value-based reflect cost currently like the business we transition care accounting revenue true revenue, to the treatment. appropriately over recognize Advantage in arrangements, contracts of served believe on consumers which transition expect total revenue from our to In external insurance we payer Bright the One payer important consumers to providing note partners. for shared with external with ACA with Health on partner care we now with regards the risk to Marketplace Over scale Care arrangements today, we we business. billion our the of additional in outlook our would business Based full Medicare $X more to risk partners, gross year. time, contracts would moved with this
Care, relationships ACA Consumer continue payers, at value-based including our Within total consumers and other in consumers XXX,XXX to the XXX,XXX total XXX,XXX with Marketplace, a year-end, expect to our we ACOs XX,XXX to XXX,XXX including from Medicaid. of and REACH Advantage Medicare value-based from
profitability We EBITDA continue enterprise year. to for expect adjusted the
our very supporting first year. the Our Consumer half of in positive performed year, Care outlook the for business the well full
We value-driven care model. our opportunities a payer continue provider to multiple serving growth, consumers long-term growing number working and key with our for partners of see and through
comments. Now Mike final some here's for
