Earnings release
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dentalcorp Reports Third Quarter 2021 Results NEWS PROVIDED BY dentalcorp Holdings Ltd. → Nov 15 , 2021 , 07:01 ET • Revenue of $ 250.2 million for the quarter , an increase of 22.2 % compared to the third quarter 2020 • Adjusted EBITDA ( 1 ) of $ 46.2 million for the quarter , an increase of 40.2 % , and Adjusted • EBITDA margins of 18.5 % , an increase of 2.4 % , in each case compared to the third quarter 2020 Acquired $ 11 million in PF Adjusted EBITDA ( 1 ) from the acquisition of 15 practices • Same Practice Sales Growth ( 1 ) of 3.5 % for the quarter , compared with the third quarter 2020 • Last - twelve - months PF Revenue ( ¹ ) and PF Adjusted EBITDA ( ¹ ) of $ 1.1 billion and $ 211.0 million , respectively , for the quarter , resulting in a PF Adjusted EBITDA ( ¹ ) margin of 19.6 % • • Adjusted Free Cash Flow ( 1 ) for the quarter of $ 12.7 million Adjusted Net Income ( 1 ) for the quarter of $ 17.5 million TORONTO , Nov. 15 , 2021 / CNW / - dentalcorp Holdings Ltd. ( " dentalcorp " or the " Company " ) ( TSX : DNTL ) , Canada's largest and fastest growing network of dental practices , announced today its three and nine month financial and operating results for the period ended September 30 , 2021 . All references to dollar values in this press release are in Canadian dollars , unless otherwise indicated . " Third quarter 2021 revenue increased by 22.2 % compared to the third quarter 2020 , despite the adverse impact from ongoing COVID - 19 restrictions and variant outbreaks in many of our key markets , " said Graham Rosenberg , Chief Executive Officer . " The increase was driven by the