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Stock impact report

NUTEX HEALTH ANNOUNCES YORKVILLE PAYOFF AND STREAMLINED STRATEGIC PLAN [Yahoo! Finance]

Nutex Health Inc. (NUTX) 
Company Research Source: Yahoo! Finance
integrated healthcare delivery system comprised of 20 state-of-the-art micro hospitals in 8 states and primary care-centric, risk-bearing physician networks, today announces full payoff of Yorkville Advisors and a new streamlined strategic plan. Nutex has paid off in full the remaining outstanding balance of $2.7 million under the Pre-Paid Advance Agreement, in lieu of future stock issuances at the discretion of Yorkville Advisors. The company believes that this will mitigate the recent downward pressure on its share price and strengthen Nutex Health's financial position. In line with our commitment to the continuous optimization of our portfolio companies, the company has made the strategic decision to close two underperforming hospitals: SE Texas ER & Hospital in Humble Houston Texas , and Coppell ER in Coppell Dallas Texas . The combined annual cash flow savings from closing both facilities is expected to be approximately $5 million . This strategic move ensures a more focused Show less Read more
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