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NUTEX HEALTH REPORTS SEPTEMBER 30, 2025 THIRD QUARTER AND YEAR-TO-DATE FINANCIAL RESULTS
Prnewswire· 2025-11-19 21:30
Accessibility StatementSkip Navigation "We are continuing to add to a record year with 225% revenue growth, Adjusted EBITDA attributable to Nutex Health of $243.0 million, a 629% increase in gross profit and a record high cash balance of $166.0 million. Our financial performance highlights the strength of the business model with our strong balance sheet positioning us well for our planned growth strategy," stated Jon Bates, Chief Financial Officer of Nutex Health. "We are very pleased to deliver another s ...
NUTEX HEALTH REPORTS JUNE 30, 2025 SECOND QUARTER AND YEAR-TO-DATE FINANCIAL RESULTS
Prnewswire· 2025-11-18 23:59
Core Viewpoint - Nutex Health Inc. reported significant financial growth for the first half of 2025, with a total revenue increase of 217.5% compared to the same period in 2024, highlighting the company's strong performance and growth strategy [8][9]. Financial Highlights for the Three Months Ended June 30, 2025 - Total revenue reached $244.0 million, up 220.7% from $76.1 million in the same period of 2024 [9]. - Operating income improved to $33.7 million from $5.3 million year-over-year, marking a $28.4 million increase [9]. - Net loss attributable to Nutex Health was $17.7 million, which included non-cash stock-based compensation expense of $78.7 million [9]. - Adjusted EBITDA was $71.6 million, compared to $6.8 million for the same period in 2024 [9]. Financial Highlights for the Six Months Ended June 30, 2025 - Total revenue for the first half of 2025 was $455.8 million, an increase of $312.2 million from $143.5 million in the first half of 2024 [9]. - Net income attributable to Nutex Health was $3.5 million, a turnaround from a net loss of $0.7 million in the same period of 2024 [9]. - EBITDA for the first half of 2025 was $51.1 million, up 227.4% from $15.6 million in the first half of 2024 [9]. - Total visits at the Hospital Division increased by 15.5%, totaling 93,842 visits compared to 81,276 in the same period of 2024 [9]. Share Repurchase Program - The Board of Directors authorized a stock repurchase program of up to $25.0 million to enhance shareholder value and offset dilution from stock compensation obligations [4][5]. - The program allows for opportunistic repurchases based on market conditions and the company's financial status [6][10]. Company Overview - Nutex Health operates a physician-led integrated healthcare delivery system with 24 micro hospitals and outpatient departments across 11 states [1][19]. - The company focuses on innovative healthcare models and population health management through its two divisions: Hospital Division and Population Health Management Division [19][20].
NUTEX HEALTH REPORTS RESTATED FIRST QUARTER 2025 FINANCIAL RESULTS
Prnewswire· 2025-11-18 23:50
Core Insights - Nutex Health Inc. announced restated financial results for Q1 2025, highlighting significant growth in revenue and net income compared to the same period in 2024 [1][2][5] Financial Restatement - The Audit Committee concluded that previously issued financial statements for Q1 2025 required restatement due to non-cash adjustments, resulting in a net increase in liabilities by $19.6 million (4.0%) and a decrease in equity by $19.6 million (7.1%) [2][7] - Net income for Q1 2025 increased by $6.6 million (14.9%) to $21.2 million, with diluted earnings per share rising to $3.33 from $2.56 [2][6] Financial Highlights - Total revenue for Q1 2025 reached $211.8 million, a 214.0% increase from $67.5 million in Q1 2024 [6][8] - EBITDA for Q1 2025 was $51.5 million, up 624.7% from $7.1 million in Q1 2024, while adjusted EBITDA increased to $72.8 million from a loss of $0.4 million [6][8] - Net cash from operating activities was $51.0 million for Q1 2025, reflecting strong operational performance [6][8] Operational Performance - The number of patient visits increased by 20.5% to 48,269 in Q1 2025 compared to 40,068 in Q1 2024, with mature hospitals seeing a 5.3% increase in visits [8] - The company reported a record high gross profit margin of 55.9% and a cash balance of $84.7 million as of March 31, 2025 [5][8] Company Overview - Nutex Health operates 24 micro hospitals and outpatient departments across 11 states, focusing on integrated healthcare delivery [1][19] - The company is structured into two divisions: Hospital Division and Population Health Management Division, providing a range of healthcare services [19][20]
NUTEX HEALTH REPORTS RESTATED 2024 FINANCIAL RESULTS
Prnewswire· 2025-11-18 23:26
Core Insights - Nutex Health Inc. reported a significant financial turnaround for the fiscal year 2024, with total revenue increasing by 93.8% to $479.9 million compared to $247.6 million in 2023, and net income of $52.1 million compared to a net loss of $45.8 million in the previous year [6][14][17] - The company restated its financial results for the fourth quarter and the entire fiscal year 2024, leading to a net increase in liabilities by $13.4 million (2.9%) and a corresponding decrease in equity by the same amount (6.6%) [4][3] - Adjusted EBITDA for 2024 reached $124.1 million, marking a 1046.1% increase from $10.8 million in 2023, indicating strong operational performance [6][11][22] Financial Performance - Total revenue for the year ended December 31, 2024, was $479.9 million, a 93.8% increase from $247.6 million in 2023 [6][14] - Net income attributable to Nutex Health for 2024 was $52.1 million, compared to a net loss of $45.8 million in 2023 [6][14] - Diluted earnings per share decreased by $0.02 to $9.69 from $9.71, while basic earnings per share also decreased by $0.02 to $10.23 from $10.25 [4][6] Operational Highlights - Total visits at the Hospital Division increased to 168,388 for the year ended December 31, 2024, up 16.9% from 144,058 in 2023 [14] - Revenue from mature hospitals (opened prior to December 31, 2021) increased by 56.6% in 2024 compared to 2023 [14] - Operating income for 2024 was $130.7 million, a significant improvement from an operating loss of $31.8 million in 2023 [14][17] Adjustments and Restatements - The restatement included non-cash adjustments, which had no material effect on key metrics such as revenue, liquidity, and operating cash flow [4][3] - Stock-based compensation expense for the year was $16.6 million, compared to $2.8 million in 2023, with 99% attributed to one-time obligations for under-construction hospitals [14][6] - The company corrected the classification of certain liabilities and reclassified related-party accounts payable balances, impacting the balance sheet structure [7][4] Cash Flow and Liquidity - Net cash from operating activities for the year was $23.2 million, reflecting improved operational efficiency [14][6] - As of December 31, 2024, the company had total assets of $655.3 million, including cash and cash equivalents of $40.6 million [15][14] - The company reported a record high cash balance of $40.6 million, underscoring its financial strength [11][14]
Nutex Health Schedules 2025 Second Quarter Financial Results Release and Conference Call
Prnewswire· 2025-08-08 12:49
Core Viewpoint - Nutex Health Inc. will release its financial results for the second quarter ended June 30, 2025, on August 14, 2025, and will discuss these results in a conference call on August 15, 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 operates provider networks such as Independent Physician Associations (IPAs) and provides management and administrative support services through its Management Services Organization (MSO) [4].
NUTEX HEALTH TO RING NASDAQ BELL AND MEET WITH INVESTORS IN NYC ON AUGUST 26
Prnewswire· 2025-07-29 10:30
Core Viewpoint - Nutex Health Inc. is actively engaging with investors through a Nasdaq bell-ringing ceremony and an investor meet and greet scheduled for August 26, 2025, highlighting its commitment to transparency and investor relations [1][2][3]. Company Overview - Nutex Health Inc. is a physician-led integrated healthcare delivery system, operating 24 micro hospitals and hospital outpatient departments (HOPDs) across 11 states [1][3]. - The company was founded in 2011 and is headquartered in Houston, Texas [3]. Divisions - The Hospital Division focuses on innovative healthcare models, including micro-hospitals and specialty hospitals, managing 24 facilities in 11 states [4]. - The Population Health Management Division operates provider networks such as Independent Physician Associations (IPAs) and offers management and administrative support services through its Management Services Organization (MSO) [5]. Event Details - The investor meet and greet will take place on August 26, 2025, from 9 am to 1 pm EST, with the location disclosed upon scheduling [2]. - The bell-ringing ceremony is scheduled for the same day at 3:45 pm EST, and it will be live-streamed [3].
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]