Zacks Analysts Have Rated A Short Term Rating Nobilis As A Strong Buy

Nobilis Health Corp, a Canadian based company was formerly known as Northstar Healthcare Inc. Harry Fleming, Nobilis’ President explained the reason for the name change was because they wanted to enter the markets, and avoid potential confusion with companies and funds using the ‘Northstar’ name on exchanges in the United States. The Company indirectly acquires and/or manages ambulatory surgery centers (ASCs) and healthcare facilities in the United States.
In a move to strengthen its facilities, GE Capital loaned USD25 million to Nobilis Healthcare. This will be used to finance the company’s growth efforts. The company also plans to repay some outstanding debt, such as the $12 million seller’s note associated with the Athas Health acquisition. As a result of the Athas purchase, it expanded Nobilis’ ability to continue to support both its core facilities, as well as fund additional health care services. The company also understands that quality health care does not have to come at a costly price to their customers hence explaining why it attracts a huge clientele. Some of the specialties that they offer are marketing, revenue cycle management, patient recruitment, financing help, direct-to-consumer marketing, partnerships, mergers, and much more.
On September 23, 2015, Nobilis closed a transaction to jointly own and operate the former Freedom Pain Hospital also known as “Freedom Pain” and located in Scottsdale, Arizona. Nobilis contributed approximately $3.2 million to acquire a 60% stake and management control of the joint venture entity. The joint venture entity will have approximately $4.2 million in working capital. Northstar’s CEO, Dr. Donald Kramer reported that Northstar continues to see rapid growth and record revenue of $17.2 million in the third quarter. Stanley, a top analyst for Mackie Research Capital says Nobilis is a company with a track record of high organic growth. Also he notes that Nobilis has a strong track record when it comes to M&A with the fact that the company’s September 2014 acquisition of First Nobilis Hospital for $7.5 million in cash.

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