HOUSTON, Dec. 20, 2016 /CNW/ -- Nobilis Health Corp.
(NYSE MKT: HLTH) (TSX: NHC) ("Nobilis" or the "Company")
announced today that it has been notified by the Toronto Stock
Exchange ("TSX") that the common share purchase warrants issued by
Nobilis on May 13, 2015 (the
"Warrants"), currently listed under the symbol "NHC.WT", are being
placed under de-listing review. The TSX advised Nobilis that
the Warrants, as stand-alone securities, may not meet the minimum
price and market value listing requirements set out in the TSX
Company Manual. Unless the Warrants meet all of the
requirements for listing set out in the TSX Company Manual by
April 20, 2017, they will be
de-listed from the TSX 30 days from such date.
Nobilis is evaluating its response, if any, to the de-listing
review in light of its previously stated intent to create a single
trading market for its securities and the Warrants expiration date
of May 13, 2017. The common
shares of the Company remain scheduled for de-listing from the TSX
at the close of markets on December 30,
2016.
About Nobilis Health Corp.
Nobilis (www.NobilisHealth.com) is a full-service healthcare
development and management company which currently owns or manages
fourteen surgical facilities and six clinics, partners with
thirty-six additional facilities throughout the country, and
markets seven independent brands. Deploying a unique patient
acquisition strategy driven by direct-to-consumer marketing,
Nobilis is focused on a specified set of procedures that are
performed at our centers by local physicians.
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, 2015, filed on March 15,
2016, as updated by other filings with the Securities and
Exchange Commission.
Contact:
Kolin Ozonian
Vice President, Corporate Development
kozonian@nobilishealth.com
713-355-8614
SOURCE Nobilis Health Corp.