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Nutex Health Responds to Short Seller Report
Prnewswire· 2025-07-24 00:32
Core Viewpoint - Nutex Health Inc. responds to allegations from a short seller report questioning its collection process, asserting that the claims are misleading and without merit [2][3]. Company Overview - Nutex Health Inc. is a physician-led integrated healthcare delivery system with 24 micro hospitals and hospital outpatient departments across 11 states, focusing on primary care and risk-bearing physician networks [1][4]. - The company was founded in 2011 and is headquartered in Houston, Texas, operating through two divisions: Hospital Division and Population Health Management Division [4][5]. Allegations and Response - The company is aware of a short seller report that challenges its medical claims collection process, which it believes misrepresents its business practices [2][3]. - Nutex Health has established a robust internal process for coding, billing, and submitting eligible medical claims, which includes a federally mandated negotiation period before independent dispute resolution [2]. Future Updates - The company plans to provide further updates regarding the allegations in its upcoming earnings release and Form 10-Q for the second quarter of 2025, expected by August 14, 2025 [3].
NUTEX HEALTH HOSPITALS' 2025 Q2 AWARDS
Prnewswire· 2025-07-08 10:30
Core Insights - Nutex Health Inc. has received multiple community-driven accolades for its healthcare delivery in the second quarter of 2025, highlighting its commitment to patient care and community service [1][2]. Company Overview - Nutex Health Inc. is a physician-led integrated healthcare delivery system with 24 micro hospitals and hospital outpatient departments across 11 states, focusing on primary care and risk-bearing physician networks [1][4]. - The company was founded in 2011 and is headquartered in Houston, Texas, operating through two divisions: Hospital Division and Population Health Management Division [4][5]. Awards and Recognition - The Colony ER Hospital was awarded "Best Urgent/Emergency Care" in April 2025 by The Colony Chamber of Commerce [3]. - Wylie ER received the title of "Best Emergency Room" in April 2025 from C&S Media [3]. - Dr. Michael Brin from Milwaukee ER & Hospital and Dr. Maley from Tucson ER & Hospital both received "Top Doc Awards" in June 2025 from respective local publications [3]. - Texarkana Emergency Center & Hospital was recognized for "Best Emergency Care/Hospital" in June 2025 by Bowie County Tribune and also received "Best Emergency Care" in the "2025 Best of Texarkana Readers' Choice Awards" [3]. - Dr. Tom Vo, the CEO of Nutex Health, was honored as "Most Admired CEO" in June 2025 by the Houston Business Journal [3]. Commitment to Patient Care - The company emphasizes that its recognition stems from a primary focus on patient care, with awards voted on by the communities it serves, reflecting high patient satisfaction and service quality [2][3].
NUTEX HEALTH ANNOUNCES THAT IT HAS FILED A SUPPLEMENT TO ITS PROXY STATEMENT
Prnewswire· 2025-06-27 10:30
Company Overview - Nutex Health Inc. is a physician-led, integrated healthcare delivery system with 24 micro hospitals and hospital outpatient departments (HOPDs) across 11 states [1][4] - The company operates two divisions: a Hospital Division and a Population Health Management Division [4][5] Recent Developments - Nutex Health has filed a supplement to its proxy statement on June 27, 2025, encouraging shareholders to review the new information [1] - The company's Annual Meeting of common stockholders is scheduled for July 14, 2025, at 10:00 am Central Time [2] Shareholder Information - Stockholders can access the definitive proxy statement dated June 2, 2025, and the Form 10-K online or request a free paper or email copy [2][3] - Instructions for requesting materials include visiting a specific website, calling a designated number, or sending an email with a control number [3]
NUTEX HEALTH ANNOUNCES INTERNET AVAILABILITY OF PROXY MATERIALS FOR ITS 2025 ANNUAL MEETING
Prnewswire· 2025-06-03 02:18
Core Points - Nutex Health Inc. announced the availability of its definitive proxy materials for the 2025 annual meeting scheduled for July 14, 2025, which will be held virtually [1] - The company has opted for the "notice only" option for proxy materials delivery, meaning stockholders will receive a notice about accessing the materials rather than a full paper set [3] - Stockholders can view the definitive proxy statement and Form 10-K online or request paper copies by following the instructions provided in the notice [4] Company Overview - Nutex Health Inc. is headquartered in Houston, Texas, and was founded in 2011, operating as a healthcare management and operations company [6] - The company has two divisions: a Hospital Division that owns and operates 24 facilities across 11 states, and a Population Health Management Division that manages provider networks [6][7]
NUTEX HEALTH ANNOUNCES THE APPOINTMENT OF GRANT THORNTON LLP AS ITS INDEPENDENT AUDITOR
Prnewswire· 2025-05-22 10:30
Core Viewpoint - Nutex Health Inc. has appointed Grant Thornton LLP as its new independent registered public accounting firm, replacing CBIZ CPAs, effective May 15, 2025, as part of a commitment to corporate governance and following a careful evaluation process [1][3]. Company Overview - Nutex Health Inc. is a physician-led integrated healthcare delivery system with 24 micro hospitals and hospital outpatient departments across 11 states, focusing on primary care-centric, risk-bearing physician networks [1][4]. - The company operates two divisions: a Hospital Division that manages innovative healthcare models, including micro-hospitals and specialty hospitals, and a Population Health Management Division that oversees provider networks such as Independent Physician Associations (IPAs) [4][5]. Auditor Transition - The decision to change auditors was not due to any disagreements regarding accounting principles, financial statement disclosures, or auditing procedures between Nutex Health and CBIZ [2]. - The transition to Grant Thornton is intended to be seamless, with both firms collaborating closely during the process [2]. Management Commentary - The Chief Financial Officer of Nutex Health expressed that the change in auditors aligns with the company's growth momentum and commitment to best corporate governance practices, thanking CBIZ for their past services [3].
NUTEX HEALTH REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS
Prnewswire· 2025-05-13 21:43
Core Viewpoint - Nutex Health Inc. reported strong financial results for Q1 2025, showcasing significant growth in revenue, net income, and operational efficiency, driven by increased hospital visits and successful arbitration efforts [4][6]. Financial Performance - Total revenue for Q1 2025 reached $211.8 million, a 213.8% increase from $67.5 million in Q1 2024 [9]. - Net income attributable to Nutex Health was $14.6 million, compared to a net loss of $0.4 million in Q1 2024 [9]. - Diluted earnings per share (EPS) improved to $2.56 from $(0.08) in Q1 2024 [9]. - EBITDA for Q1 2025 was $43.1 million, a 507.0% increase from $7.1 million in Q1 2024 [9]. - Adjusted EBITDA was $72.8 million, compared to $(0.4) million in Q1 2024 [9]. Operational Highlights - Total hospital division visits increased by 20.5% to 48,269 in Q1 2025, up from 40,068 in Q1 2024 [9]. - Revenue from mature hospitals rose by 186.5% in 2025 compared to 2024 [9]. - The arbitration process contributed approximately $105.0 million in additional revenue, accounting for 73.1% of the total revenue increase [9]. Cash Flow and Balance Sheet - Net cash from operating activities was $51.0 million for Q1 2025 [9]. - As of March 31, 2025, total assets were $761.9 million, with cash and cash equivalents of $87.7 million [10]. - Long-term debt stood at $21.7 million [10]. Stock-Based Compensation - Total stock-based compensation expense for Q1 2025 was $36.1 million, significantly higher than less than $0.1 million in Q1 2024 [9].
Nutex Health Schedules 2025 First Quarter Financial Results Release and Conference Call
Prnewswire· 2025-05-07 10:30
Core Viewpoint - Nutex Health Inc. will release its financial results for the first quarter ended March 31, 2025, on May 13, 2025, and will discuss these results in a conference call on May 14, 2025 [1] Company Overview - Nutex Health Inc. is headquartered in Houston, Texas, and was founded in 2011. It operates as a healthcare management and operations company with two main divisions: Hospital Division and Population Health Management Division [3] - The Hospital Division owns, develops, and operates innovative healthcare models, including 24 micro-hospitals across 11 states [3] - The Population Health Management Division manages provider networks such as Independent Physician Associations (IPAs) and offers management and administrative support services to affiliated hospitals and physician groups [4]
Nutex Health Achieves Blowout Earnings On Arbitration Win But There Are Too Many Unknowns
Seeking Alpha· 2025-04-02 08:15
Company Overview - Nutex Health Inc. (NASDAQ: NUTX) is a healthcare management and operations company [1] - The company reported Q4 results on March 31, 2025 [1] Financial Performance - Revenue for Q4 was $258 million, representing a year-over-year increase of 270% [1] - GAAP EPS for the quarter was $11.12 [1] - The stock performed well following the earnings report [1]
NUTEX HEALTH REPORTS FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS
Prnewswire· 2025-03-31 20:30
Core Insights - Nutex Health Inc. reported significant financial growth for the fiscal year 2024, with total revenue reaching $479.9 million, a 93.8% increase from $247.6 million in 2023 [5] - The company achieved a net income of $52.2 million compared to a net loss of $45.8 million in the previous year, marking a substantial turnaround [5] - The arbitration process initiated in July 2024 contributed approximately $169.7 million in additional revenue, accounting for 73.1% of the overall revenue increase [5][8] Financial Performance - Total revenue for the year ended December 31, 2024, was $479.9 million, up from $247.6 million in 2023, reflecting a growth of $232.3 million [5] - Net income for the year was $52.2 million, a significant improvement from the net loss of $45.8 million in 2023 [5] - EBITDA for the year was $98.4 million, compared to a negative EBITDA of $(22.5) million in 2023 [5] - Adjusted EBITDA reached $123.7 million, a remarkable increase of 1,045.4% from $10.8 million in 2023 [5] Quarterly Highlights - For the fourth quarter of 2024, total revenue was $257.6 million, a 269.6% increase from $69.7 million in the same quarter of 2023 [5] - Net income for the fourth quarter was $61.7 million, compared to a net loss of $31.7 million in the fourth quarter of 2023 [5] - Total visits at the Hospital Division increased by 16.9% year-over-year, with mature hospitals seeing a 6.5% increase in visits [5][7] Operational Metrics - The company operated 24 micro hospitals and outpatient departments across 11 states, focusing on integrated healthcare delivery [2][24] - The arbitration initiative has led to higher reimbursement amounts per visit, aligning more closely with fair market rates [8] - The company plans to continue optimizing operations and maintaining a lean cost structure to support sustained growth in 2025 [7]