continue mentioned benefit the of some notable that good good his things second a morning, Great. really in to everyone. the through to of for repeating them year and remarks saw us remainder we some of expect few Thank the numbers they're our quarter, we're inside Chris, beyond. We Chris particularly of that things you, them. and and
substantial that hard record for to a made second work in April increasing average visits percentage our year-over-year XX. quarter comp a in our acquisition the on in mid-teens high second quarter business resulting increase continued per before negotiations a to workers' on our root rate our our even in on overall day rate.
Also, Our and the IIP the adding as in net And focus company. quarter, business the of second rate we grew take
in were Our EBITDA prior would than is the quarter, the of as salaries higher growth adjusted quarter key see itself reported these to $XX.X business to liked million indicators. year. continue second meaningful of compared contract $XX.X We strong and the for in we XXXX but the we million labor in have
is. the margin XX.X% revenue the second compared quarter of the appear is margin XX.X% than it year.
Traditionally, our is, knowing of was EBITDA minority makes prior in per margin margin basis lower adjusted an this our quarter interest. what EBITDA adjusted the in second without of calculated EBIT Our the for actually interest adjusted benefit most EBITDA that XX.X% on in that our This second quarter it is apples-to-apples to year adjusted which quoted calculate revenue to minority just and both I with
slightly increase of 'XX that operating XXXX. $X.XX in $XXX,XXX On with small were quarter basis, in million was operating is than the were year. it XXXX, the May a were results shares in share per decrease which an Our of associated that $XX in than second we to of completed was related second of same It results $X.XX 'XX. lower quarter, increase over quarter offering secondary last this year. the last the That quarter the is
in XX.X%, as year the is visits in lower company's and just per he history. summer XX.X%, bit our highest vacations volume the per families. consistent the In as schedule our there and quarter is the is take typical first seasonal little clinicians for was patients it Our quarter number mentioned, which average is a July was visits what average a in per The of clinic in with in June, expectations. our with pattern noted the the day throughout for both month. which last and the progression changes July, seasonal our sync Chris was day
quarterly $X.XX reduction in X or year, X% net another second was in $XXX.XX that of X.X% since rate while enduring effect was reductions the with Medicare was XXXX. by rate This the had quarter by of net second Our we've CMS CMS visit quarter the quarter XXXX, Medicare in was higher rate per that since even XXXX, time. of highest which than the last second
driven was of Physical the the as of second second Workers' increase as or revenues X.X% will payers quarter rate-enhancing to quarter This and and X.X% quarter priority category were year quarter as one mentioned. which per last the up revenue focus visit over in increase $X.XX on and an and, $XX.XX was in second of the were maximizing our course, highest which $XXX.X XXXX net On Excluding in the having throughout increases These second our quarter million second of again workers' related major having costs in clinics quarter was more to than compares the X.X% through increase second an reimbursement second the operating of mix rates well the costs XX improvements an or which our also Clinics quarter Medicare, Therapy in negotiations year XX.X% XXXX. of contract the in visits in increase XX through rate XXXX increasing rate.
Physical in contract per year in our our other average of and in cash were second the year-over-year. and Mature to in more year. strategic in last commercial comp, in is that payers increased the average priorities rate of $XX.XX part second of business.
We're costs to labor categories, XXXX of with cycle high increase our was last salaries $XXX.X increase the quarter our of growing million, quarter our by total of from our well basis, The second XXXX million our our of management. revenue on on XXXX. in focused XXXX. our of we've on remain initiatives of which wages collections was over visit beyond. the increased largely of XX.X% a Each last of Therapy due clinics as quarter, operating of in second comp quarter $XX.X
of margin And salaries XX.X% second quarter Therapy $XX.XX was of related and XXXX the 'XX. our were second second to the of Our the 'XX. in per compared in in cost visit Physical quarter quarter $XX.XX
excellent produced the over quarter XX.X% IIP in were income million team $X.X the or net first XX.X%. or Chris quarter up up million $X.X growth 'XX, with As IIP noted, our revenues IIP of second
March XX, XX.X%, Excluding revenues the XX.X%. still were up our profit gross up we closed on net acquisition our XXXX, with that
second of XX.X% IIP quarter second of 'XX Our XX.X% increased the from in in margin the 'XX. to quarter
in Our $XX.X million, of of right of with which in the X.X% quarter million the expectations to is compared XXXX. revenue or corporate were costs X% in $XX.X office of revenue, quarter second 'XX. line second That
better causing accrual second a year. our little bonus second a The as look downward bit of a of the quarter revision 'XX than in it percent in to revenue included this quarter of
budget to balance year costs sheet. about were second quarter the to turning position. It than be our this of $XXX,XXX.
Quickly by continues actually lower an corporate in Our our excellent
debt our Fed favorable agreement of and us rate rate since our million cumulative $XXX.X funds the $X.X XXXX the expense a even. very loan half term debt quarter have on savings saved below alone, on of third which that the place X.X% current We at in is well agreement rate swap $X.X interest first the with interest in XXXX with places market swap today's a you the in In million million in of know expense. of
it revolving the that a In second addition have to during nothing credit also loan, $XXX million we the drawn term quarter. facility on had
into excess working of of cash deployed [ of So and cash have end for growth far available initiatives. capital, million this capacity year. we $XX ready and so above over deploy and million we what year expect deployment need more to that's the ] We the acquisitions before for $XX all and approximately
the and expectations for As office labor our XXXX, we our year particularly $XX change clinicians returning reflects noted the updated million. staff. the front guidance we're to to through million in full our of our updating range environment $XX our The and remainder contract related EBITDA and challenging of to original year salaries costs our employment guidance release, in related for continuing for
Chris, the turn our it We make questions. to those on details, during to strong XXXX, throughout continue rate to we progress patient and expect take you. I'll year.
With back We'll to expect net volumes additional be
