Nutex Health (NUTX)
Operates small-format hospitals and physician networks tied to out-of-network reimbursement.
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Runs micro-hospitals, specialty hospitals, hospital outpatient departments, and physician-network services, with real estate supporting facility operations. Revenue is concentrated in the hospital division, and collections depend on insurer-paid out-of-network claims, No Surprises Act dispute resolution, and disciplined facility ramp-up.
Operates a physician-led healthcare platform built around micro-hospitals, specialty hospitals, hospital outpatient departments, and population health management. The hospital division provides facility and physician services, while the population health division manages independent physician associations and physician-group support services.
The footprint is concentrated in the United States, with facilities and physician networks spread across multiple states. A real estate division supports the operating model through hospital buildings and related facility assets rather than a separate consumer offering.
Execution depends on keeping small acute-care facilities staffed, expanding or ramping hospitals on schedule, and converting out-of-network claims into insurer collections. No Surprises Act Independent Dispute Resolution and remediation of reporting-control issues are documented structural dependencies.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Lake Street | Reiterate | Rating: —Target: $235 | Target: $310 |
| Jun 26, 2026 | B. Riley | Initiate | Rating: — | |
| Jun 2, 2026 | Lake Street | Target | Target: — | Target: $235 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $205.2M · Total debt $347.3M · Total assets $964.6M · Shareholders' equity $394.3M
- Revenue
- $210.8M
- Operating income
- $121.7M
- Net income
- $65.8M
No dividends on record.
| Institutions | ≈ 42.79% | 2.93M shares | |
|---|---|---|---|
| 156 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 59.93% | 4.10M shares | |
| 14 holders · as of Sep 18, 2026 | |||
| Adds to | 102.72% | ||
6.85M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 102.72%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Thomas T. VoInsiderdirector, officer: Chief Executive Officer | 30.71% | 2.10M | filed May 29, 2026 |
Meeshanthini DoganInsiderdirector, officer: Chief Executive Officer | 24.17% | 1.66M | filed Oct 7, 2024 |
Pertento Partners LLPInstitution | 6.59% | 451,310 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.95% | 407,349 | as of Jun 30, 2026 |
American Century Companies IncInstitution | 3.47% | 237,414 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Scott J. Saunders | director | −203 | $214.25 |
| Mar 20, 2026 | Frank E. Jaumot | director | +150 | $93.56 |
| Mar 19, 2026 | Warren Hosseinion | director, officer: President | +252 | $94.07 |
| Mar 17, 2026 | Kelvin Spears | director | +10 | $94.46 |
| Mar 13, 2026 | Pamela W. Montgomery | officer: Chief Legal Officer-Healthcare | +79 | $88.87 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nutex Health | $202.98 | −2.80% | $1.44B | 8.3 | 7.8 | 1.7 | −13.6% |
| HCA Healthcare | $436.51 | −0.37% | $94.85B | 14.7 | 14.3 | 1.2 | +8.7% |
| Tenet Healthcare | $256.97 | −1.94% | $21.10B | 10.1 | 12.3 | 1.0 | +6.8% |
| Universal Health Services | $183.15 | +2.15% | $10.85B | 7.4 | 8.0 | 0.6 | +8.3% |
| Community Health Systems | $3.04 | +0.50% | $425.8M | — | — | 0.0 | −9.8% |
| Privia Health | $19.07 | −2.00% | $2.45B | 89.7 | 49.6 | 1.0 | +21.4% |
| Astrana Health | $33.25 | −5.30% | $1.74B | 42.9 | 20.1 | 0.5 | +48.5% |
| Agilon Health | $85.32 | −1.75% | $1.45B | — | — | 0.2 | +7.2% |
| Evolent | $3.69 | −3.03% | $427.4M | — | 11.0 | 0.2 | +46.9% |
| Median | 14.7 | 13.3 | 0.5 | +8.5% |