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Nobilis Health Corp.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Aug 3, 2018. Its latest SEC filing is a 8-K from Oct 9, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Operates specialty surgical hospitals, surgery centers and clinics for patients, and provides direct-to-consumer marketing services to healthcare facilities.

Who Were Their Customers?

Patients receive care at Nobilis facilities, and the Marketing Segment provides services to company facilities and third parties. Private insurance companies and workers’ compensation payors are sources of revenue for cases performed at the facilities.

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q2 FY2018, the three months to Jun 30, 2018
Revenue
▼ −13%
vs $80M in Q2 FY2017
Net income
▼ −47%
vs $3.3M in Q2 FY2017
  • Sep 27, 2019 Court appoints a temporary receiver over company assets Lenders accelerated obligations, and the company announced closure of Kirby Surgical Center, Plano Surgical Hospital, Uptown Surgery Center, and its Peak service business.
  • Sep 9, 2019 NYSE trading is suspended as the CFO resigns The company chose not to appeal the delisting determination.

Marketing services The older report describes outpatient surgical facilities; the latest report says the company added a standalone marketing business serving its facilities and third parties.

Broader care beyond surgery The earlier report describes specialty hospitals and surgery centers focused on procedures; the latest report also includes clinics, primary care and in-house services such as anesthesia and surgical assistance.

Who Did They Compete With?

Competes with Envision Healthcare, Tenet Healthcare, Surgery Partners, and Hospital Corporation of America

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