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FCHS: The company weathers the storm in good shape with normal operations resuming this morning. Earnings estimates unchanged.

By Ian Gilson, PhD, CFA


The company (FCHS) has announced that all of its business operations were spared harm from the epic hurricane Matthew and normal business operations resumed this morning, Monday, Oct. 10, 2016.

While the Company maintains emergency backup power and redundant backup IT systems, there was no interruption of power or Internet during or following the storm.  

Given that there was an evacuation order issued for people living on the barrier islands in Brevard County, there may have been people that left the Melbourne area that had scheduled appointments for late last week or this week that have not yet returned to their homes. However, the Company announced that it will make every effort to accommodate patient requests to reschedule their appointments.

First Choice further announced that it did not expect that the storm would have any negative impact on its financial performance, so we are not changing our revenue estimates for the 4Q16.

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