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Nobilis Health Receives NYSE Notice Regarding Late Form 10-Q Filing | ||
By: PR Newswire Association LLC. - 15 Nov 2018 | Back to overview list |
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HOUSTON, Nov. 15, 2018 /CNW/ -- Nobilis Health Corp. (NYSE American: HLTH) (NEO: HLTH) ("Nobilis" or the "Company") announced today that on November 15, 2018 it received notice from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 1007 of the NYSE American Company Guide, as a result of its failure to timely file its Quarterly Report on Form 10-Q for the three months ended September 30, 2018. The NYSE informed Nobilis Health that, under the NYSE rules, the Company will have six months from November 15, 2018 to file the Form 10-Q with the SEC. Nobilis Health can regain compliance with the NYSE listing standards at any time before that date by filing the Form 10-Q with the SEC. If the Company fails to file Form 10-Q by the NYSE's compliance deadline, the NYSE may grant, at its discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The letter from the NYSE also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant. The Company has stated previously, additional time is required for the Company and auditor to complete their review of the Company's financial statements in order to finalize the 10-Q. The Company is re-evaluating the Net Realizable Value on its Accounts Receivable and intends to make a significant adjustment to the carrying value of accounts receivable, primarily on out of network claims greater than 365 days old. The final adjustment is subject to the completion of the Company's and auditor's review. About Nobilis Health Corp. Forward Looking Statements 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 any 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, 2017, filed on March 12, 2018, as updated by other filings with the Securities and Exchange Commission. Contact Information:
View original content to download multimedia:http://www.prnewswire.com/news-releases/nobilis-health-receives-nyse-notice-regarding-late-form-10-q-filing-300751686.html SOURCE Nobilis Health Corp. |
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