Risk Factors Update Summary
- Increased competition from numerous, fragmented competitors in sewer, drain, and pipe cleaning businesses.
- Dependence on Medicare and Medicaid payments, with over 95% of net patient service revenue from these programs.
- Intense competition for skilled employees, particularly licensed plumbers, impacting ability to maintain growth and profitability.
- Risk of cybersecurity attacks due to increased remote work, with potential significant consequences for compromised customer information.
- Potential negative impact on brand reputation from adverse publicity, litigation, or online negative reviews.
- Impact of natural disasters on operations, particularly in south Florida, with potential adverse effects on billing, services, and patient care.
- Risk of liability claims and inadequate insurance coverage, with potential adverse effects on financial condition and operating results.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=19584&owner=exclude
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