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Nutex Well being (NASDAQ:NUTX) reiterated that it expects to open 20 new amenities by the top of 2024, increasing in 4 new states, Florida, Wisconsin, Ohio and Idaho.
The corporate famous that it has fashioned two new impartial apply associations (IPAs), one in Houston and the opposite in South Florida, and is engaged on contracting with main care physicians and specialists.
As soon as this section is accomplished, Nutex expects to contract with medical insurance plans and begin enrolling sufferers in 2023, the corporate mentioned in an Oct. 10 press launch.
Nutex expects to type another IPA in 2022 in Phoenix, the place it already operates two micro hospitals.
The corporate added that it’s exploring constructing extra micro hospitals and expects to launch 1-3 extra IPAs per yr round its present micro hospitals.
Nutex famous that, as of Sept. 30, it had money and money equivalents of ~$35M, as per preliminary estimates.
“We’ve conviction in our technique to drive alignment and integration of our technology-enabled care supply mannequin and proceed to spend money on our enterprise. We consider our inventory value ought to replicate these efforts over time,” mentioned Nutex President Warren Hosseinion.
The corporate had web income of $137.2M, for the six months ended June 30, as disclosed throughout Q2 outcomes.
NUTX +21.54% premarket to $0.79 Oct. 10
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