Hospital operator closes 2 facilities after leadership exodus

Houston-based Nobilis Health closed Scottsdale (Ariz.) Liberty Hospital and Surgeons' Premier Medical Center in Sugar Land, Texas, on Sept. 13, according to a Securities and Exchange Commission filing.

Nobilis had a 75 percent ownership interest in Scottsdale Liberty Hospital, and Surgeons' Premier Medical Center is also referred to as Hospital for Surgical Excellence on the company's website, according to the Houston Business Journal.

Nobilis shut down the facilities as the company faces delisting from the New York Stock Exchange and after a few topic executives resigned.

The NYSE American suspended trading of Nobilis' stock after markets closed Sept. 3 because the company has not filed an earnings report since the second quarter of 2018. Nobilis will not appeal the delisting, which is expected to become effective in late September.

Nobilis announced earlier this month that two executives resigned. Brandon Moreno, the company's CFO, and Marissa Arreola, chief legal officer, resigned Sept. 6. The company has also churned through at least two CEOs since December 2018, according to the Houston Business Journal.

Nobilis owns, operates, manages or co-manages more than 60 hospitals, clinics and ambulatory care centers in Texas and Arizona, according to the company's website. Nobilis recorded nearly $300 million in revenue in 2017, which is the most recent annual report available, according to the Houston Business Journal.

Access the full Houston Business Journal article here.

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