Can't talk it up this year. The numbers are now known and the debt is due. They claim that they should receive the certificate of occupancy in March which presumably signals the completion of this leased facility. The last bed count claimed is 46 which is only 2 more than when they closed on the additional 24% ownership of ARIA after closing. Numbers between press releases are very inconsistent and they claim that they will add an additional 10 beds with each one on this subject. This story is 2 years old now and they just keep milking it for all it is worth.
Notice that they talk about an earnings in terms of an projected EBITDA number in the February 28th press release. Then in terms of percentages in the press release that accompanied the actual filing drop more than a month later. The difference being that they had 150 million new shares to sell the beginning of March and had zero queued up for the actual filing release. No body chased the news when the actual numbers were revealed.
'...The segmented information for the ARIA treatment center will show an EBITDA of approximately $163,000 for the fourth quarter which was an approximately 370% increase over the third quarter of 2021...'
'...The Company’s ARIA subsidiary had total billed claims for the fourth quarter 2021 that were 20.0% higher than the third quarter of 2021...'
'...The revenue growth at ARIA has continued in the first quarter of 2022 with total billed claims increasing 23.4% over the total billed claims for fourth quarter 2021 and a 48.1% increase over the third quarter 2021...'
'...The segmented information for the ARIA treatment center was an EBITDA of $47,359 for the quarter.Revenue is recorded based on the adjusted gross billing for the period...'
GRST - Quote: <<Do not forget that this business is recession proof>>
***FROM: 19 Amazing Recession Proof Business Ideas
2. Healthcare Services The healthcare industry continues to grow even during recessions due to a combination of rising demand and the constant advancement of science and medicine.
There will always be a need for certain healthcare services, with some in particular tending to increase in demand during harder times.