Lake Forest-based home healthcare provider Apria Healthcare Group Inc. released partial second-quarter results Wednesday but delayed final figures because of a possible accounting issue.
The company, which is being bought and taken private by Blackstone Group LP for $1.6 billion, is looking into a possible overstatement of accounts receivable reserves used to offset customers that don’t end up paying their debts.
Apria said it was unsure how the issue might impact its final second-quarter results or those from other periods.
Shares of Apria were flat at close of trading on a market value of $850 million.
The company reported a rise in initial second-quarter profits and sales.
Profit for the quarter rose 17% from a year earlier to $22.6 million. That beat the $21.7 million expected by analysts.
The gain came despite a drop in Medicare reimbursements for breathing treatments for patients in their homes.
Revenue rose 36% to $531.2 million but fell short of analysts’ expected $535 million.
Apria plans to hold a conference call early next month.
The company provides breathing and drug treatments and medical equipment to patients in their homes.
In June, the company agreed to be bought by New York-based private equity firm Blackstone in a deal that cleared antitrust review this month.
The deal’s expected to close at the end of the year.
