SOURCE: Nobilis Health Corp.

Nobilis Health Corp.

June 18, 2015 06:00 ET

Nobilis to Join Russell Indexes; Updates on Hospital Acquisition, Texas Weather

HOUSTON, TX--(Marketwired - Jun 18, 2015) - Nobilis Health Corp. (NYSE MKT: HLTH) (TSX: NHC) announced today that it will join three Russell indexes including Russell Global, Russell 3000® and Russell Microcap® at the conclusion of the Russell indexes annual reconstitution on June 26, 2015, according to a preliminary list of additions posted on June 12, 2015. 

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.7 trillion in assets are benchmarked to the Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. "We see this as another positive step in our process to access the U.S. capital markets as well as a great statement on our growth as leading healthcare company," said Chris Lloyd, Chief Executive Officer. "This will be a valuable tool that raises our profile which will attract new shareholders to the Nobilis story as we continue on our rapid growth throughout the country," continued Lloyd.

Update on Plano Hospital Acquisition

Nobilis also announces that it is working with the debtor in possession of Victory Medical Center Plano to finalize the acquisition of the hospital through the bankruptcy. On Friday, June 12th, Victory Parent Company and several of its affiliate hospitals, including Victory Medical Center Plano, sought bankruptcy protection in the Northern District of Texas. Nobilis has been in continuous contact with Victory's management and supported Victory's decision to file. As with the Scottsdale acquisition last year, Nobilis' management has chosen to move through the bankruptcy process with Victory because it believes the process will have significant benefits for Nobilis.

No Issues Related to Recent Weather Events in Houston and Dallas

The storms passing through the Houston and Dallas metropolitan areas over the last few days have had minimal negative impact on Nobilis' facility operations or physical plant. Surgical procedures scheduled to be performed this week have been performed or have been rescheduled to accommodate patients.

About Nobilis Health Corp.

Nobilis owns and manages ambulatory and acute care facilities to deliver healthcare services. Our focus is improving access to care and patient outcomes by providing minimally invasive procedures that can be performed in low-cost, outpatient settings. We utilize innovative direct-to-patient marketing and proprietary technologies to drive patient engagement and education. Nobilis owns and manages seven surgical facilities in Dallas, Houston, and Scottsdale and has contractual partnerships with six other facilities in Arizona, Oregon, Michigan, Minnesota, Tennessee and New Jersey.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 80 countries, covering 98% of the investable market globally and trading on over 25 exchanges worldwide.

Forward Looking Statements

This news release may contain forward-looking statements (within the meaning of applicable securities laws) and financial outlooks relating to the business of Nobilis Health Corp. (the "Company") and the environment in which it operates. Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions and may discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. These statements are based on the Company's expectations, estimates, forecasts and projections and while the Company considers these to be reasonable based on information currently available, they may prove to be incorrect. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company's regulatory filings available on the Company's web site at, and in the risk factors described in the Company's Form 10-K for the fiscal year ended December 31, 2014, filed on April 2, 2015. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Other than as required by law, the Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances.