Akumin Inc. (NASDAQ:AKU) Q4 2022 Earnings Call Transcript

It’s actually the other way around. I would say it’s 80% of the legacy sites of Akumin are on the table today for capacity solutions, for health systems and hospitals coming from the legacy Alliance relationships. It’s actually- so it’s the other way. So, the answer to your question is where we have opportunities is not 20% of what we own is 80% of what we own. But it’s not going to happen inside the next 12 months, but it will happen inside the next 24 months.

Rishi Parekh: Thank you.

Riadh Zine: Thanks Rishi.

Operator: At this time, there are no further questions. I will turn the call back to Riadh for closing remarks.

Riadh Zine: Thank you everyone for your participation on today’s call. Akumin’s vision is to drive patient-centered innovation, service delivery centralization and exceptional healthcare value, all-in an outpatient care setting. We are a leading outpatient healthcare service platform with significant scale, long-standing hospital and health system relationships and freestanding operational expertise. Akumin is extremely well positioned to capitalize on the outpatient side. We have a full suite of fixed site and mobile services available to hospitals and health systems. Our asset base is strategically located with density in key markets, making them well suited to partner with hospitals in these regions. Importantly, we also leverage technology to provide clinical centralization and operational excellence, which enables us to deliver efficient and cost-effective outpatient solutions to hospitals and health systems while providing outstanding patient care and patient experience.

In 2022, we generated $750 million in revenues and served patients in more than 210 fixed sites of radiology and oncology with more than 4,000 team members across the U.S. Our transformation and growth initiatives are well underway, and we expect 2023 to be a milestone year as we build on this solid foundation. Our company has never been better positioned to capitalize on the trends and growth opportunities ahead in our industry. I would like to take this opportunity to thank our staff, radiologists and all of our stakeholders for their efforts and ongoing support as we continue our transformational change at Akumin. This concludes our call. Thanks again to all participants for your interest in Akumin.

Operator: This does conclude today’s conference. We thank you for your participation.