HOUSTON,
Dec. 27, 2018 /PRNewswire/ -- Nobilis
Health Corp. (NYSE American: HLTH) ("Nobilis" or the "Company") has
announced today the appointment of Mr. James Springfield as Nobilis' Chief Executive
Officer and will host a conference call to introduce Jim to the
Nobilis investment community next week (details listed
below).
"Jim has extensive executive leadership experience with
several of the nation's largest healthcare providers and payors
which fits in well with Nobilis' shift to an in-network system,"
said Harry Fleming, Chairman of the
Board.
"I am excited to take on this role and opportunity, as I
have followed the Nobilis story in the Texas market and have seen their dramatic
shift in-network and how the management team has successfully grown
its medical facility infrastructure (including clinics, ambulatory
surgery centers, and hospitals) as well its unique Direct to
Consumer marketing platform. This proprietary marketing
technology provides Nobilis with the unique ability to quickly add
new products and specialties and in combination with the recent
significant increase of the Company's in-network business, makes
Nobilis poised for strong and sustainable growth. The
scalability of the marketing platform allows Nobilis to enter new
markets with ease and certainty," said Mr. Springfield.
"With the significant expansion of the Company's
in-network business, there is now an opportunity to recruit from a
much larger base of physicians, especially in the Texas market. The Company intends to pursue
alignment with physicians in new and existing specialties, while
expanding the Nobilis brands to include total joint replacements,
ENT and Cardio Vascular services, among others. This is a
vision and strategy that the management team and the Company's
Board of Directors share. As Nobilis' CEO, I welcome the
responsibility of executing on this vision, and look forward to
achieving the results I believe shareholders want to see. Nobilis
will be the only in-network healthcare system that can use
marketing to address both patient and provider needs. In the
coming months I look forward to sharing a clear plan on maximizing
shareholder value for Nobilis investors," continued Mr.
Springfield.
"The addition of Jim Springfield
to the Nobilis team as CEO will allow us to execute and achieve the
benefits of an in-network model, including faster collection cycle,
larger addressable market, certainty in revenue recognition, and
greater willingness from physicians to participate in the
in-network space, among other key advantages. He has led out of
network to in-network conversions and is ideally suited to finalize
Nobilis' migration to being an in-network healthcare provider," said Mr. Fleming, who will
continue as Chairman of the Board.
Mr. Springfield spent 13 years with the Memorial Hermann
Health Care System; a multi-billion-dollar system that is one of
the largest healthcare providers in the country and the largest in
Texas. While at Memorial Hermann, he held several leadership
positions including serving as the Chief Operating Officer of
Hermann Hospital, the 900-bed flagship of the multi-hospital
system. Additionally, Mr. Springfield served as the Chief
Executive Officer of the Hermann Children's Hospital.
After leaving Memorial Herman, Mr. Springfield served as the
Chief Operating Officer of Valley Baptist Health System in
Harlingen, Texas from May 2001 until December
2003, and then as President and Chief Executive Officer from
January 2003 through November
2008. Valley Baptist is the largest integrated health system
in South Texas. Under Mr.
Springfield's leadership, Valley Baptist revenues rose from
$800 million to $1.7
billion.
Mr. Springfield has provided executive leadership and
served on the boards of various healthcare companies. Mr.
Springfield has also owned and operated numerous companies serving
clients with their revenue cycle management and tax needs. He
previously served as the Senior Vice President, Provider Market
Growth and Business Development for Optum, an $84 billion dollar healthcare provider and
subsidiary of the United Health Group. He has also had extensive
experience in the healthcare private equity sector.
Mr. Springfield received a Bachelor's degree in Business
Administration from Baylor University. He earned a Master's
degree in Healthcare Administration from the University of Houston-Clear Lake.
Nobilis will host a conference call on Wednesday, January 2, 2019 at 8:00 a.m. CDT (9:00 a.m.
EDT) to introduce Jim to the Nobilis investment
community. To participate in the conference call, please dial
(833) 233-4454 in the U.S. and Canada, and +1 (647) 689-4133
internationally. Please enter conference ID 1160066.
There will be a livestream of the conference call available
at:
http://investors.nobilishealth.com/investors/events-and-presentations/.
About Nobilis Health Corp.
Nobilis
Health (www.NobilisHealth.com) is a full-service healthcare
development and management company, with more than 30 locations
across Texas and Arizona, including hospitals,
ambulatory surgery centers, and multi-specialty clinics. In
addition, Nobilis Health partners with more than 30
facilities across the country. Marketing nine independent
brands, Nobilis Health deploys a unique patient
acquisition strategy driven by proprietary, direct-to-consumer
marketing technology, focusing on a specified set of procedures
that are performed at its facilities by local
physicians. Nobilis Health's business model connects
patients with physicians and delivers the highest quality
healthcare.
Forward Looking Statements
This
press release contains certain forward-looking statements within
the meaning of Canadian and United
States securities laws, including the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995, as amended. Forward-looking
statements include all statements that do not relate solely to
historical or current facts and may be identified by the use of
words such as "may," "believe," "will," "expect," "project,"
"estimate," "anticipate," "plan" or "continue." These
forward-looking statements are based on current plans and
expectations and are subject to a number of risks, uncertainties
and other factors which could significantly affect current plans
and expectations and our future financial condition and results.
These factors, which could cause actual results, performance and
achievements to differ materially from those anticipated, include,
but are not limited to our ability to successfully maintain
effective internal controls over financial reporting; our ability
to implement our business strategy, manage the growth in our
business, and integrate acquired businesses; the risk of litigation
and investigations, and liability claims for damages and other
expenses not covered by insurance; the risk that payments from
third-party payers, including government healthcare programs, may
decrease or not increase as costs increase; adverse developments
affecting the medical practices of our physician limited partners;
our ability to maintain favorable relations with our physician
limited partners; our ability to grow revenues by increasing case
and procedure volume while maintaining profitability at the Nobilis
Facilities; failure to timely or accurately bill for services; our
ability to compete for physician partners, patients and strategic
relationships; the risk of changes in patient volume and patient
mix; the risk that laws and regulations that regulate payments for
medical services made by government healthcare programs could cause
our revenues to decrease; the risk that contracts are canceled or
not renewed or that we are not able to enter into additional
contracts under terms that are acceptable to us; and the risk of
potential decreases in our reimbursement rates. The foregoing are
significant factors we think could cause our actual results to
differ materially from expected results. However, there could be
additional factors besides those listed herein that also could
affect us in an adverse manner.
We have not undertaken any obligation to publicly update
or revise any forward-looking statements. All of our
forward-looking statements speak only as of the date of the
document in which they are made or, if a date is specified, as of
such date. Subject to any mandatory requirements of applicable law,
we disclaim any obligation or undertaking to provide any updates or
revisions to any forward-looking statement to reflect any change in
our expectations or any changes in events, conditions,
circumstances or information on which the forward-looking statement
is based. All subsequent written and oral forward-looking
statements attributable to us or persons acting on our behalf are
expressly qualified in their entirety by the foregoing factors and
in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2017, filed on March 12, 2018, as updated by
other filings with the Securities and Exchange
Commission.
Contact Information:
Marty Spake
Vice President,
Corporate Development
(281) 506-9794
mspake1412@Nobilishealth.com
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SOURCE Nobilis Health Corp.