Nutex Health Announces Full Payoff Of Balance Of $2.74M Yorkville Advisors And A New Streamlined Strategic Plan

Nutex Health Inc Ordinary Shares +0.76% Pre

Nutex Health Inc Ordinary Shares

NUTX

0.75

0.72

+0.76%

-4.05% Pre

The company has made the strategic decision to close two underperforming hospitals: SE Texas ER & Hospital in Humble (Houston), Texas, and Coppell ER in Coppell (Dallas), Texas. The combined annual cash flow savings from closing both facilities is expected to be approximately $5 million.

Management is in the process of implementing multiple initiatives which we believe will reduce cash operating expenses in 2024 and beyond, with an intense focus on profitability.  The full effects of the new operating cost structure are expected to be in place by the third quarter of fiscal year 2024.

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