$HLTH..Nobilis Health Corp. Announces Voluntary De
Post# of 63696
Dec 15, 2016 17:13:00 (ET)
Nobilis Health Corp. Announces Voluntary Delisting from the Toronto Stock Exchange
HOUSTON, TX--(Marketwired - Dec 15, 2016) - Nobilis Health Corp. (NYSE MKT: HLTH) (TSX: NHC) ("Nobilis" or the "Company" today announced that the common shares in the capital of the Company (the "Shares" will be voluntarily delisted from the Toronto Stock Exchange ("TSX" at the close of markets on December 30, 2016 pursuant to the Company's application for voluntary delisting and the satisfaction of the conditions to delist from the TSX. The delisting from the TSX will not affect the Company's listing on the NYSE MKT.
Dr. Donald Kramer, Chairman of the Board, stated "After careful consideration, the Directors of the Company can no longer justify the expenses and administrative efforts, among other factors, associated with maintaining a dual listing. Delisting from the TSX will create a central marketplace for Nobilis shares and we believe that harmonizing our US-based operational focus with a single US-based trading platform will enhance the Company's long term liquidity, analyst coverage and access to U.S. financing. We believe this is a prudent move for shareholders."
After delisting from the TSX, the Company's common shares will continue to trade on NYSE MKT under the symbol "HLTH". Canadian shareholders will be able to continue to trade their shares on the NYSE MKT through their brokers who have U.S. registered broker-dealer affiliates.
About Nobilis Health Corp.
Nobilis (www.NobilisHealth.com) is a full-service healthcare development and management company which currently owns or manages fourteen surgical facilities and six clinics, partners with thirty-six additional facilities throughout the country, and markets seven independent brands. Deploying a unique patient acquisition strategy driven by direct-to-consumer marketing, Nobilis is focused on a specified set of procedures that are performed at our centers by local physicians.