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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting  
Schedule of reportable operating segment information

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​

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​

​

​

​

​

CareVention HealthCare

​

MedWise HealthCare

​

Consolidated

Revenue:

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2020

​

​

​

​

​

​

​

​

​

Product revenue

​

$

38,930

​

$

443

​

$

39,373

Service revenue

​

​

​

​

​

​

​

​

​

PACE solutions

​

​

11,522

​

​

—

​

​

11,522

Medication safety services

​

​

—

​

​

15,707

​

​

15,707

Software subscription and services

​

​

—

​

​

10,232

​

​

10,232

Total service revenue

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​

11,522

​

​

25,939

​

​

37,461

Total revenue

​

$

50,452

​

$

26,382

​

$

76,834

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2019

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​

​

​

​

​

​

​

​

Product revenue

​

$

33,372

​

$

—

​

$

33,372

Service revenue

​

​

​

​

​

​

​

​

​

PACE solutions

​

​

11,437

​

​

—

​

​

11,437

Medication safety services

​

​

—

​

​

22,498

​

​

22,498

Software subscription and services

​

​

—

​

​

8,948

​

​

8,948

Total service revenue

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​

11,437

​

​

31,446

​

​

42,883

Total revenue

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$

44,809

​

$

31,446

​

$

76,255

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​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2020

​

​

​

​

​

​

​

​

​

Product revenue

​

$

76,017

​

$

443

​

$

76,460

Service revenue

​

​

​

​

​

​

​

​

​

PACE solutions

​

​

23,093

​

​

—

​

​

23,093

Medication safety services

​

​

—

​

​

30,027

​

​

30,027

Software subscription and services

​

​

—

​

​

20,081

​

​

20,081

Total service revenue

​

​

23,093

​

​

50,108

​

​

73,201

Total revenue

​

$

99,110

​

$

50,551

​

$

149,661

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​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2019

​

​

​

​

​

​

​

​

​

Product revenue

​

$

64,354

​

$

—

​

$

64,354

Service revenue

​

​

​

​

​

​

​

​

​

PACE solutions

​

​

22,611

​

​

—

​

​

22,611

Medication safety services

​

​

—

​

​

37,849

​

​

37,849

Software subscription and services

​

​

—

​

​

12,400

​

​

12,400

Total service revenue

​

​

22,611

​

​

50,249

​

​

72,860

Total revenue

​

$

86,965

​

$

50,249

​

$

137,214

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

CareVention HealthCare

​

MedWise HealthCare

​

Shared Services

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Consolidated

Adjusted EBITDA (loss):

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2020

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA (loss)

​

$

12,077

​

$

4,697

​

$

(9,640)

​

$

7,134

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2019

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA (loss)

​

$

11,466

​

$

9,059

​

$

(6,873)

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$

13,652

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​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2020

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA (loss)

​

$

23,825

​

$

7,528

​

$

(19,412)

​

$

11,941

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2019

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA (loss)

​

$

22,086

​

$

10,707

​

$

(13,450)

​

$

19,343

​

Schedule of reconciliation of the segments? total Adjusted EBITDA to net loss

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Three Months Ended June 30, 

​

Six Months Ended June 30, 

​

    

2020

    

2019

    

2020

    

2019

Reconciliation of net loss to Adjusted EBITDA

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​

​

​

​

​

​

​

​

​

​

​

Net loss

​

$

(14,310)

​

$

(6,529)

​

$

(28,747)

​

$

(17,508)

Add:

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​

​

​

​

​

​

​

​

​

​

​

Interest expense, net

​

​

4,668

​

​

4,308

​

​

9,278

​

​

7,001

Income tax benefit

​

​

(508)

​

​

(2,539)

​

​

(3,875)

​

​

(6,580)

Depreciation and amortization

​

​

10,211

​

​

9,078

​

​

20,124

​

​

15,377

Change in fair value of acquisition-related contingent consideration (income) expense

​

​

(100)

​

​

1,830

​

​

600

​

​

3,006

Acquisition-related expense

​

​

—

​

​

598

​

​

251

​

​

4,289

Stock-based compensation expense

​

​

7,173

​

​

6,906

​

​

14,310

​

​

13,758

Adjusted EBITDA

​

$

7,134

​

$

13,652

​

$

11,941

​

$

19,343