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LifeStance Health Group, Inc. (Nasdaq: LFST) is a premier behavioral health care provider committed to delivering evidence-based, medically driven treatment services. Founded in 2017, the company offers comprehensive mental health care for children, adolescents, and adults. LifeStance operates in various settings including acute inpatient, partial hospitalization, intensive outpatient, outpatient, community-based, and in-home care. The company's mission is to provide accessible, trusted, affordable, and personalized mental health services to improve the quality of life for its patients.
LifeStance Health has a significant presence across the United States, with approximately 6,800 clinicians, including psychiatrists, advanced practice nurses, psychologists, and therapists. The company operates more than 550 centers across 33 states, providing both in-person and virtual mental health services through its telemedicine platform. This hybrid model ensures that patients have flexible and convenient access to high-quality care.
Recent achievements include the rollout of a new outcomes-informed care program in 2023, which allows the company to measure quality and outcomes using data analytics. This initiative underscores LifeStance's commitment to continuous improvement and clinical excellence. In terms of financial stability, LifeStance Health reported a cash balance of $49.5 million and net long-term debt of $279.9 million as of the first quarter of 2024.
LifeStance Health's strategic vision includes operational improvements, profitable growth, and disciplined capital deployment. The company has raised its revenue and Center Margin guidance for 2023 and continues to attract high-quality clinical talent, with notable growth in its team of clinicians. LifeStance is focused on enhancing patient and clinician experiences while fortifying its foundation for scalable operations.
The company collaborates closely with other healthcare providers to ensure continuity of care and utilizes data to tailor services to individual patients for better outcomes. LifeStance is also engaged in several strategic initiatives, including a multi-phase system upgrade to enhance its human resources management, clinician credentialing, and electronic health records systems.
LifeStance Health Group, Inc. (NASDAQ: LFST), a leading provider of outpatient mental health care, announced that it will release its first quarter earnings on May 10, 2023, prior to market opening. The company will hold a live conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. Interested parties can join the call by dialing designated numbers for domestic and international participants, using conference ID 1854301. A webcast of the call will be available on the LifeStance Investor Relations website, along with related materials. Founded in 2017, LifeStance operates around 600 centers across 34 states, employing about 5,600 mental health professionals to provide virtual and in-person care.
LifeStance Health Group, Inc. (Nasdaq: LFST) reported Q4 2022 revenue of $229.4 million, a 21% increase from the prior year, and a full-year revenue of $859.5 million, up 29%. The clinician base grew by 18% to 5,631. Despite the growth, the company recorded a net loss of $46.7 million for Q4 and $215.6 million for the full year, primarily due to stock compensation. Adjusted EBITDA was positive at $10.2 million for Q4 and $52.7 million for the full year. For 2023, LifeStance anticipates revenue between $980 million and $1.02 billion and a Center Margin of $270 to $290 million. The outlook emphasizes a focus on streamlining operations for sustainable growth.
LifeStance Health Group, Inc. (NASDAQ: LFST) will announce its fourth quarter earnings on March 8, 2023, before the market opens. A live earnings conference call will take place at 8:30 a.m. Eastern time on the same day, accessible domestically at 1-800-715-9871 or internationally at 1-646-307-1963, using conference ID 4226236. The call will be available for replay on their Investor Relations website. LifeStance, founded in 2017, is a leading provider of outpatient mental health care, offering services through approximately 600 centers in 32 states, employing around 5,400 mental health professionals.
LifeStance Health (NASDAQ: LFST), a leading provider of outpatient mental health care, has been Certified™ by Great Place to Work® for the second consecutive year. This recognition highlights the company's commitment to enhancing employee experience and workplace culture, as validated by feedback from its staff. Research indicates that employees at Certified workplaces report significantly higher job satisfaction and a fair compensation structure. LifeStance emphasizes mental wellness, financial wellness, and community engagement as key components of its corporate culture.
LifeStance Health Group (NASDAQ: LFST) announced its participation in the 41st Annual J.P. Morgan Healthcare Conference on January 10, 2023, in San Francisco. The presentation will feature CEO Ken Burdick and President Danish Qureshi, starting at 7:30 a.m. Pacific time, and will be moderated by Lisa Gill. The event will be webcast live, with a replay available afterward on the company's Investor Relations website. LifeStance, founded in 2017, is a major provider of outpatient mental health care across the U.S., employing approximately 5,400 mental health professionals.
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