Risk Factors Update Summary
- The number of consolidated surgical hospitals decreased from eleven to three in Texas.
- Net loss carryforwards decreased from $540 million to $533 million for federal NOLs.
- Revenue derived from government programs increased from 42% to 53% in 2023.
- Revenue from Texas facilities decreased from 12% to 11% in fiscal 2023.
- Net loss carryforwards decreased from $581 million to $588 million for state NOLs.
- Revenue from patient service increased from 51% to 52% in 2023.
- The number of consolidated ASCs increased from seven to four in Texas.
- Revenue from Idaho facilities increased from 26% to 28% in fiscal 2023.
- Revenue from patient service by workers' compensation payors decreased from 6% to 4% in 2023.
- Bain Capital ownership decreased from 46% to 39% of outstanding common stock.
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=1638833&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.