HOUSTON, April 11, 2019 /PRNewswire/ -- Nobilis
Health Corp. (NYSE American: HLTH) ("Nobilis" or the "Company")
announced today that it has submitted a formal request with the
NYSE to extend the Company's deadline for filing its Q3 2018
financials.
On November 15, 2018, Nobilis
Health Corp. (the "Company") filed a current report on Form 8-K
reporting that it had received a notice (the "NYSE Letter") from
the New York Stock Exchange (the "NYSE") that the Company is not in
compliance with the NYSE's continued listing requirements under the
timely filing criteria established in Section 1007 of the NYSE
American Company Guide, as a result of its failure to timely file
its Quarterly Report on Form 10-Q for the three months ended
September 30, 2018 (the "Filing
Delinquency"). The NYSE Letter provided the Company with a
six-month period to correct the Filing Delinquency. The Company has
received notice from its auditors that they will not complete their
audit in time to cure the Filing Delinquency during the NYSE's
initial six-month cure period. Accordingly, the Company has asked
the NYSE to extend the cure period for up to six additional months,
as described in the NYSE Letter. The Company continues to work
expeditiously with its auditors to conclude their review and file
the 10-Q as soon as practicable. We cannot assure you that the NYSE
will grant an extension or that we will be able to resolve our
Filing Delinquency within any extended cure period.
About Nobilis Health Corp.
Nobilis Health (www.NobilisHealth.com) is a full-service
healthcare development and management company, with multiple
locations across Texas and
Arizona, including hospitals,
ambulatory surgery centers, and 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. 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 cancelled 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 a
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:
Brandon Moreno
Chief Financial Officer
(281) 925 - 0950
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SOURCE Nobilis Health Corp.