Nutex Health Provides Corporate Update, Says It Is Advancing Its Ongoing Strategic Plan Designed To Significantly Reduce Costs, Reach Positive Net Income And Improve Cash Flow
Author: Benzinga Newsdesk | April 12, 2024 05:36am
Nutex Health fully intends to consider all available options to resolve the deficiency in the NASDAQ minimum bid price with every intention to regain compliance with NASDAQ listing requirements.
Nutex Health has placed a moratorium on the opening of any further new hospitals in 2024 until certain financial metrics have been achieved.
Management is advancing its previously announced strategic plan designed to significantly reduce costs, reach positive net income and improve cash flow.
The Company continues to monitor underperforming facilities and may decide to close or sell more underperforming facilities in the near future.
The Company believes that it has a strong balance sheet, expects to continue to improve cash flow and believes it is in a position to continue to achieve positive Adjusted EBIDTA.
Posted In: NUTX
