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Nobilis Health Corp. N.HLTH

Alternate Symbol(s):  NRTSF

Nobilis Health Corp is a full-service healthcare development and management company. It owns and operates healthcare centers and facilities and provides minimally invasive procedures to patients and also utilizes direct to patient marketing and proprietary technologies to drive patient engagement and education. The firm also provides its services to its medical facilities as well as to third parties as a stand-alone service. The company has Medical and Marketing reportable business segments and


NEO:HLTH - Post by User

Bullboard Posts
Post by RetailRubeon Nov 14, 2009 5:51pm
344 Views
Post# 16487524

DokterWuite's Question

DokterWuite's QuestionYou asked about taking Kramer to court.  In the 2Q/2009 MD&A, it is written they are using the agreed process (likely described in the purchase agreement for the surgery centres at time of IPO).  The MD&A said that this process is "mediation, followed by arbitration".  I could not find these same words in the 3Q/2009 MD&A, but I read it quickly ... maybe it is still there.

They had two meetings with Kramer using the mediator.  It did not produce an agreement.  But my guess is they understand each other's issues better now and may have agreed on some small concessions, such as handing back to Kramer the management of the Dallas surgery centre.

The next step could be the arbitration hearing, to be held in Texas.  Or maybe they will try using the mediator one last time.  My impression is this thing is going to be resolved.  And you cannot appeal an arbitrator's ruling.  But it is not going to court, if we can rely on the MD&A.

Bullboard Posts