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

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Nobilis Health Corp. > Any News?

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Comment by EStreeton Nov 16, 2018 12:33pm

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Post# 28985425

RE:RE:RE:Any News?

This AR question was common to all Conference Calls for 18 months,. The common answer was 100% collectable and that was always the case historically,. When AR became plus 52 weeks there common answer became "we and our Auditors deem it as collectable" and unfortunately no one questioned it at least publically beyond that,,. In hindsight its seems negligent to not have provided further color on this problem as it developed beyond 52 weeks,,.When you think about it, why didn't the Analysts press them on it during the calls,,.

I believe an earlier comment has merrit, that some insurance company has them over a barrel on a aspect of there service and the outcome is being negotiated, this was likely sensitive and kept out of the public, unfortunately this is standard operating proceedure in the US Healthcare Insurers,,.

adamchess wrote: OK thanks people for your responses. In the past, I am pretty sure that someone (Kenny?) gave us assurances that the A/R was 100% collectable over time. I would trust and hope that nothing has changed in that respect. Anything other than an immaterial adjustment should call for some heads rolling, imo, whether they are family relations or other incompetent executive responsible for finances. Too much to expect from this group I guess, given their history.

Ranger56 wrote: This action does not make sense. Speculative move on average to low volume. There is no news. Sounds like a material A/R write down is coming. Why would one buy with bad news just around the corner.The only rationale for this is either some have inside info and already know the news will not be as bad as expected, or traders feel over reaction and buying low. If this move was with higher volume, would be more intersted. Don't know about the short position. I am not buying this head fake. Bottom line, not a good thing that their business has A/R problems. I will wait for reaction to the real news.