Nobilis Health Corp. N.HLTH

Getting their house in order...

[Soyousay]

Somewhere along the lines things came off the rails.   They are now having to restate financials due to bad debts and inablity to collect receivables.    One can look at this as them getting themselves back to the beginning and removing the financial overhang.    They have also closed one or more clinics in AZ in the last couple of weeks.   So they will take a hit there on severence and winding down those operations.   One can look at this as them triming the non-producing operations and going with those that are more in-network and dumping those that got them into this mess in the first place.  They also have a new CFO who is helping to get things back on track.   There is the $127M in debt that they have which is also an overhang and they have to have a plan to the banks within the next couple of weeks on how to address that. I suspect all of the above is part of that plan.   I doubt BK is in the cards.   And I suspect all the bad news is already priced in.   

So what matters really now is how they communicate this "re-structuring"  in the coming weeks to the market, and if it instills any confidence in their future.

I have a sizeable holding in these guys.  I hope they can right this ship.  I supsect they will.  But the markets these days are unforgiveable when it comes to having patience.

[figbranch]

Are you a part of nobilis' investor relations, doing damage control? if not, you are naive as $hit. there are no other ways to look at this, they are out of time. they've lost all credibility in the last two years...who's dumb enough to buy another turnaround story at this point? Besides, they will get delisted shortly and will be forced to recapitalize and go private, but most likely,

[Soyousay]

Fagbranch - there are those that actually make an intelligent contribution to boards like this and those that use it just to rant and add zero value.   I'll leave it to you to determine which category you fall into.   I'm sure you'll get it wrong.   Just saying.  Now go back to driving your Uber.

[figbranch]

This post has been removed in accordance with Community Policy

[thinkwithme]

Some very valid points here, if one can look past the number of frustrating elements of the chartered course and missteps by this ELT over the past 2 years. When and if -- and I believe that is a serious IF - they report 3Q and the output of the AR writedown before end of year, all eye will be on the top line delivery in 3Q, as last years comparable was negatively impacted 10-12M by the hurricane

[TaylorSimple]

Thanks for the post and actually providing something of substance and not just noise. This company just needs to get the Q3 out ASAP. 

[LAG4]

Turns out the AVV closure is not as bad as it sounds. It was a bad aquisition and very unfortunate however the amont of revenue it has generated at 4 million in 2017 is not overly significant in the grand scheme of things. It looks like it was a drag on the numbers from day one. Hopefully there is a logical solution to the AR problem as well. The AR problem has been a huge negative for years and a