Risk Factors Update Summary
- Vulnerability to public sector changes: 30% of NEMT revenue from one state decreased to 9%.
- Revenue concentration risk: NEMT segment revenue from a single state Medicaid agency decreased from 12% to 11%.
- Impairment charge: Goodwill impairment of $183.1 million recorded in Q2 2023.
- Debt covenant risks: Breach could result in immediate repayment of debt, impacting operations.
- Regulatory impact on services: Proposed ruling requires 80% Medicaid payments for direct care workforce.
- Telehealth impact: Changes in regulations may affect remote patient monitoring services negatively.
- Stockholder rights: Provisions in bylaws may make it difficult for stockholders to replace management.
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=1220754&owner=exclude
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