18 unchanged sentences
Edge View owns five (5) acres zoned medium density residential (MDR) with 12 lots
−Removed: already platted, six (6) acres zoned high-density residential (HDR) that can be platted in various configurations to meet current
−Removed: housing needs, and twelve (12) acres zoned in Lemhi County as Agriculture that is available for further annexation into the City of Salmon
−Removed: for development, as well as a common area for landowners to view wildlife, provide access to the Salmon River and fishing in a two (2)
−Removed: Management has invested years working to develop a new and exciting housing development in Salmon, Idaho and plans
−Removed: to enter into a joint venture agreement with a developer for this planned concept development.
+Added: already platted, six (6) acres zoned high-density residential (HDR) that can be platted in various configurations to meet current housing
+Added: needs, and twelve (12) acres zoned in Lemhi County as Agriculture that is available for further annexation into the City of Salmon for
+Added: development, as well as a common area for landowners to view wildlife, provide access to the Salmon River and fishing in a two (2) acre
+Added: Management has invested years working to develop a new and exciting housing development in Salmon, Idaho and plans to enter into
+Added: a joint venture agreement with a developer for this planned concept development.
Our Corporate History and Structure
15 unchanged sentences
to individuals and companies that have federal and state tax liabilities by assisting clients to settle outstanding tax debts.
−Removed: We also previously owned all of the equity interests
−Removed: of We Three, LLC, d/b/a Affordable Housing Initiative, or AHI, an affordable home acquirer located in Maryville, Tennessee.
−Removed: 31, 2022, we entered into a buyback agreement to sell AHI back to the original owners in exchange for the return of 175,045 shares of
−Removed: series F preferred stock by the original owners and our issuance of 67,500 shares of series B preferred stock to the original owners.
Our Business Strategy
31 unchanged sentences
Utilizing our management teams and principals’
−Removed: expansive network of relationships, we believe there are a substantial number of small to mid-sized healthcare companies, second stage
−Removed: startups – emerging businesses with a strong organic growth plan that is materially cash generative and income producing real estate
−Removed: holdings that we can seek to acquire that can potentially generate attractive returns for our stockholders.
−Removed: We further believe the economic
−Removed: and market dislocation resulting from the COVID-19 pandemic enhanced our opportunity to obtain potentially profitable businesses, which
−Removed: are facing lingering working capital challenges post pandemic, but have rebounded and returned to or near previous levels of profitability.
−Removed: In this environment, we believe the expertise and relationships of our management team represent a compelling value proposition for potential
−Removed: business targets looking for additional working capital infusion, a pathway to exit some equity, and leadership to assist them to grow
+Added: expansive network of relationships, we believe there to be a significant opportunity for organic growth and expanded utilization of our
+Added: current locations and an opportunity to open additional locations within new markets.
+Added: Additionally, we believe there are a substantial
+Added: number of small to mid-sized healthcare companies, second stage startups – emerging businesses with a strong organic growth plan
+Added: that is materially cash generative and income producing real estate holdings that we may seek to acquire that can potentially generate
+Added: attractive returns for our stockholders.
+Added: We further believe the economic and market dislocation resulting from the COVID-19 pandemic enhanced
+Added: our opportunity to obtain potentially profitable businesses, which are facing lingering working capital challenges post pandemic, but
+Added: have rebounded and returned to or near previous levels of profitability.
+Added: In this environment, we believe the expertise and relationships
+Added: of our management team represent a compelling value proposition for potential business targets looking for additional working capital
+Added: infusion, a pathway to exit some equity, and leadership to assist them to grow and expand.
Our Acquisition Process
8 unchanged sentences
We anticipate structuring our acquisitions in
−Removed: such a way so that the post-business combination subsidiary company will own or acquire 100% of the equity interests or assets of the
−Removed: target business or businesses.
−Removed: We may, however, structure future acquisitions such that the post-business combination company owns or
−Removed: acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the target management
−Removed: team or stockholders or for other reasons, but we will only complete such acquisition if the post-business subsidiary company owns or
−Removed: acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient
−Removed: for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended, or the Investment
+Added: such a way so that the post-business combination subsidiary company will directly or indirectly own, acquire, or control 100% of the equity
+Added: interests or assets of the target business or businesses.
+Added: We may, however, structure future acquisitions such that the post-business combination
+Added: company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the
+Added: target management team or stockholders or for legal or other reasons, but we will only complete such acquisition if the post-business
+Added: subsidiary company owns or acquires 49% or more of the outstanding voting securities of the target or otherwise acquires a controlling
+Added: interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940,
+Added: as amended, or the Investment Company Act.
If our board of directors is not able to independently
35 unchanged sentences
We have not selected any specific business combination
−Removed: target for our next acquisition, and we have not entered into any letters of intent, nor has anyone on our behalf, initiated any substantive
−Removed: acquisition discussions, directly or indirectly, with any specific business combination target.
+Added: target for our next acquisition, and we have not entered into any binding letters of intent.
To the extent we effect any future acquisition
7 unchanged sentences
our acquisition strategy exposes us to substantial risk;
−Removed: · we may experience difficulty as we evaluate, acquire and integrate businesses that we may acquire, which
−Removed: could result in drains on our resources, including the attention of our management, and disruptions of our on-going business;
+Added: we may experience difficulty as we evaluate, acquire and integrate businesses that we may acquire, which could result in drains on our resources, including the attention of our management, and disruptions of our on-going business;
we may not be able to effectively integrate the businesses that we acquire;
−Removed: · we face competition for businesses that fit our acquisition strategy and, therefore, we may have to acquire
−Removed: targets at sub-optimal prices or, alternatively, forego certain acquisition opportunities;
−Removed: · we may not be able to successfully fund acquisitions due to the unavailability of debt or equity financing
−Removed: on acceptable terms, which could impede the implementation of our acquisition strategy;
−Removed: · we may change our management and acquisition strategies without the consent of our stockholders, which
−Removed: may result in a determination by us to pursue riskier business activities.
+Added: we face competition for businesses that fit our acquisition strategy and, therefore, we may have to acquire targets at sub-optimal prices or, alternatively, forego certain acquisition opportunities;
+Added: we may not be able to successfully fund acquisitions due to the unavailability of debt or equity financing on acceptable terms, which could impede the implementation of our acquisition strategy;
+Added: we may change our management and acquisition strategies without the consent of our stockholders, which may result in a determination by us to pursue riskier business activities.
In identifying, evaluating, and selecting potential
13 unchanged sentences
Management Operating and Investing Experience .
−Removed: Our directors and executive officers have significant executive, investment
−Removed: and operational experience in the management and growing of small and middle market companies.
−Removed: We believe that this breadth of experience
−Removed: provides us with a competitive advantage in evaluating businesses and acquisition opportunities.
+Added: Our directors and executive officers have significant executive, investment and operational experience in managing and growing small and middle market companies.
+Added: We believe that this breadth of experience provides us with a competitive advantage in evaluating businesses and acquisition opportunities.
Extensive Network of Small to Middle Market Companies .
−Removed: As a result of their experience with acquisitions and in providing
−Removed: services to small to middle market companies around the United States, our management team members have developed a broad array of contacts
−Removed: at private and closely held companies.
−Removed: We believe that these contacts will be important in generating potential acquisition opportunities
+Added: As a result of their experience with acquisitions and in providing services to small to middle market companies around the United States, our management team members have developed a broad array of contacts at private and closely held companies.
+Added: We believe that these contacts will be important in generating potential acquisition opportunities for us.
Public Company Benefits .
−Removed: We believe our structure will make us an attractive business transaction partner to prospective
−Removed: acquisition targets.
−Removed: As an existing public company, we will be able to raise capital to deploy to our acquired businesses for their business
−Removed: Additionally, we will be able to offer to the employees of our subsidiaries equity in our company as an additional means of
−Removed: creating management incentives that are better aligned with stockholder’s interests.
+Added: We believe our structure will make us an attractive business transaction partner to prospective acquisition targets.
+Added: As an existing public company, we will be able to raise capital to deploy to our acquired businesses for their business operations.
+Added: Additionally, we will be able to offer to the employees of our subsidiaries equity in our company as an additional means of creating management incentives that are better aligned with stockholder’s interests.
Maintaining of day-to-day control of operations .
−Removed: As part of our acquisition criteria for a target company, we search
−Removed: for companies with what we believe are strong management teams, which allows us to have the management team maintain control of the day-to-day
−Removed: operations of the companies.
−Removed: We believe this model is attractive to target companies with management desiring to obtain the benefits of
−Removed: being a public company while maintaining control over the operations of their company.
+Added: As part of our acquisition criteria for a target company, we search for companies with what we believe are strong management teams, which allows us to have the management team maintain control of the day-to-day operations of the companies.
+Added: We believe this model is attractive to target companies with management desiring to obtain the benefits of being a public company while maintaining control over the operations of their company.
Intellectual Property
1 unchanged sentence
holding company.
−Removed: As of December 31, 2023, our company had three
−Removed: full-time employees (excluding our operating subsidiaries described below).
−Removed: None of our employees are represented by labor unions, and
−Removed: we believe that we have an excellent relationship with our employees.
+Added: As of December 31, 2024, our company had seventeen
+Added: employees, of which fifteen of these employees were full time (including our operating subsidiaries described below).
+Added: None of our employees
+Added: are represented by labor unions, and we believe that we have an excellent relationship with our employees.
We do not expect that our holding company will
35 unchanged sentences
Our service model is designed to promote referral
−Removed: relationships, facilitate patient access, and coordinate administration among our company, as a medical provider, personal injury
−Removed: attorneys, and chiropractors.
−Removed: This “referral relationship” approach to case management results in increased revenue as attorneys
−Removed: consider the value of our patient management process when brokering settlements.
−Removed: As EMC and early stage continued care providers, we believe
−Removed: that we have superior access to patient information to determine the validity of each case and manage cases appropriately.
+Added: relationships, facilitate patient access, and coordinate administration among our company, as a medical provider, personal injury attorneys,
+Added: and chiropractors.
+Added: This “referral relationship” approach to case management results in increased revenue as attorneys consider
+Added: the value of our patient management process when brokering settlements.
+Added: As EMC and early stage continued care providers, we believe that
+Added: we have superior access to patient information to determine the validity of each case and manage cases appropriately.
Revenue is primarily provided by bodily injury
2 unchanged sentences
Healthcare Facilities
−Removed: We currently operate ten facilities, most of which
−Removed: were opened in the last twenty-four months.
−Removed: As of December 31, 2023, management estimates that the ten facilities are operating at 35%
−Removed: We believe that the most important factors relating to the overall utilization of a facility include adequate working capital,
−Removed: the quality and market position of the facility and the number, quality and specialties of physicians providing patient care within the
−Removed: Other factors that affect utilization include general and local economic conditions, market penetration, the degree of outpatient
−Removed: use, the availability of reimbursement programs such as Medicare and Medicaid, and demographic changes such as the growth in local populations.
+Added: The main office for our healthcare business is
+Added: located at 1903 S 25 th Street, Suite 103, Fort Pierce, FL 34947.
+Added: We currently operate twelve facilities, most of which were
+Added: opened in the last thirty-six months.
+Added: As of December 31, 2024, management estimates that the twelve facilities are operating at 35% capacity.
+Added: We believe that the most important factors relating to the overall utilization of a facility include adequate working capital, the quality
+Added: and market position of the facility and the number, quality and specialties of physicians providing patient care within the facility.
+Added: Other factors that affect utilization include general and local economic conditions, market penetration, the degree of outpatient use,
+Added: the availability of reimbursement programs such as Medicare and Medicaid, and demographic changes such as the growth in local populations.
Utilization across the industry is also being affected by improvements in clinical practice, medical technology and pharmacology.
3 unchanged sentences
As of December 31, 2024, we provide services to
−Removed: approximately 150-180 patients per month at ten facilities.
−Removed: Patients are primarily referred through a growing network of personal injury
−Removed: attorneys, insurance carriers, physical therapy providers, and chiropractic care providers.
+Added: approximately 250 - 325 patients per month on average at twelve facilities.
+Added: Patients are primarily referred through a growing network
+Added: of personal injury attorneys, insurance carriers, physical therapy providers, and chiropractic care providers.
The health care industry is highly competitive.
−Removed: In recent years, competition among healthcare providers for patients, such as our company, has intensified in the United States
−Removed: due to, among other things, regulatory and technological changes, increasing use of managed care payment systems, cost containment pressures
−Removed: and a shift toward outpatient treatment.
−Removed: In all of the geographical areas in which we operate, there are other facilities that provide
−Removed: services comparable to those offered by our facilities.
+Added: In recent years, competition among healthcare providers for patients, such as our company, has intensified in the United States due to,
+Added: among other things, regulatory and technological changes, increasing use of managed care payment systems, cost containment pressures and
+Added: a shift toward outpatient treatment.
+Added: In all of the geographical areas in which we operate, there are other facilities that provide services
+Added: comparable to those offered by our facilities.
In addition, some of our competitors include hospitals that are owned by tax-supported
5 unchanged sentences
The increase in outpatient treatment and diagnostic facilities,
−Removed: outpatient surgical centers and freestanding ambulatory surgical also increases competition for us.
+Added: outpatient surgical centers and freestanding ambulatory surgical centers also increases competition for us.
The number and quality of the physicians on a
17 unchanged sentences
Although most of our revenue is provided by bodily
−Removed: injury policies, general liability policies, and personal injury protection policies, our ability to negotiate favorable service contracts
−Removed: with purchasers of group health care services also affects our competitive position and significantly affects the revenues and operating
−Removed: results of our facilities.
−Removed: Managed care plans attempt to direct and control the use of services and to demand that we accept lower rates
−Removed: In addition, employers and traditional health insurers are increasingly interested in containing costs through negotiations
−Removed: with facilities for managed care programs and discounts from established charges.
−Removed: In return, facilities secure commitments for a larger
−Removed: number of potential patients.
−Removed: Generally, facilities compete for service contracts with group health care service purchasers on the basis
−Removed: of price, market reputation, geographic location, quality and range of services, quality of the medical staff and convenience.
−Removed: The importance
−Removed: of obtaining contracts with managed care organizations varies from market to market depending on the market strength of such organizations.
+Added: injury insurance policies, general liability policies, and personal injury protection policies, our ability to negotiate favorable service
+Added: contracts with purchasers of group health care services also affects our competitive position and significantly affects the revenues and
+Added: operating results of our facilities.
+Added: Managed care plans attempt to direct and control the use of services and to demand that we accept
+Added: lower rates of payment.
+Added: In addition, employers and traditional health insurers are increasingly interested in containing costs through
+Added: negotiations with facilities for managed care programs and discounts from established charges.
+Added: In return, facilities secure commitments
+Added: for a larger number of potential patients.
+Added: Generally, facilities compete for service contracts with group health care service purchasers
+Added: on the basis of price, market reputation, geographic location, quality and range of services, quality of the medical staff and convenience.
+Added: The importance of obtaining contracts with managed care organizations varies from market to market depending on the market strength of
+Added: such organizations.
A key element of our growth strategy is expansion
11 unchanged sentences
including the following:
−Removed: array of services focusing on plaintiff related care .
−Removed: We provide a full range
−Removed: of diagnostic and surgical services for injuries and disorders of the skeletal system and
−Removed: associated bones, joints, tendons, muscles, ligaments, and nerves with a focus on plaintiff
−Removed: related care.
−Removed: From sports injuries, to sprains, strains, and fractures, orthopedic and pain
−Removed: procedure services include hip and knee replacement, shoulder reconstruction, fracture care
−Removed: and hand surgery, as well as spinal surgery.
−Removed: Our service model is designed to promote referral
−Removed: relationships, facilitate patient access, and coordinate administration among our company,
−Removed: as a medical provider, personal injury attorneys, and chiropractors.
−Removed: As a result, our
−Removed: revenue is primarily provided by bodily injury policies, general liability policies, and
−Removed: personal injury protection policies, which partially insulates our business from the declining
−Removed: reimbursement programs paid from or correlated to Medicare/ Medicaid and traditional health
−Removed: insurance companies.
+Added: Broad array of services focusing on plaintiff related care .
+Added: We provide a full range of diagnostic and surgical services for injuries and disorders of the skeletal system and associated bones, joints, tendons, muscles, ligaments, and nerves with a focus on plaintiff related care.
+Added: From sports injuries, to sprains, strains, and fractures, orthopedic and pain procedure services include hip and knee replacement, shoulder reconstruction, fracture care and hand surgery, as well as spinal surgery.
+Added: Our service model is designed to promote referral relationships, facilitate patient access, and coordinate administration among our company, as a medical provider, personal injury attorneys, and chiropractors.
+Added: As a result, our revenue is primarily provided by bodily injury insurance policies, general liability policies, and personal injury protection policies, which partially insulates our business from the declining reimbursement programs paid from or correlated to Medicare/ Medicaid and traditional health insurance companies.
Opportunities for accelerated growth .
−Removed: We have a track record of delivering strong growth
−Removed: through a combination of organic growth, new contract additions and selective acquisitions.
−Removed: Organic growth has historically been supported
−Removed: by consistent underlying market volume trends, stable pricing and a diversified payor mix.
−Removed: We believe that our networks of high-quality
−Removed: providers position us to take advantage of these trends.
−Removed: We have successfully executed on new contract growth by providing a set of differentiated
−Removed: services and delivering integrated, efficient, high-quality care, which has helped us expand our relationships with our existing customers
−Removed: and compete effectively in the bidding process for new contracts.
−Removed: Additionally, we believe we will have opportunities to expand our services
−Removed: through acquisitions, as discussed in more detail below.
+Added: We have a track record of delivering strong growth through a combination of organic growth, new contract additions and selective acquisitions.
+Added: Organic growth has historically been supported by consistent underlying market volume trends, stable pricing and a diversified payor mix.
+Added: We believe that our networks of high-quality providers position us to take advantage of these trends.
+Added: We have successfully executed on new contract growth by providing a set of differentiated services and delivering integrated, efficient, high-quality care, which has helped us expand our relationships with our existing customers and compete effectively in the bidding process for new contracts.
+Added: Additionally, we believe we will have opportunities to expand our services through acquisitions, as discussed in more detail below.
Focus on clinical excellence .
−Removed: We are focused on achieving the best clinical outcomes
−Removed: for our patients through the application of rigorous recruiting and credentialing standards, the promotion of a physician-led leadership
−Removed: culture and the monitoring of our clinical quality measures.
−Removed: Through extensive clinical and leadership development programs, we train
−Removed: our healthcare professionals to continually enhance their skills and deliver innovative and patient-focused experiences and outcomes.
−Removed: We provide internally developed continuing medical education accredited courses to our healthcare professionals, including instructor-led
−Removed: and on-line education sessions.
−Removed: We have developed and implemented quality measurement systems that track multiple key indicators, which
−Removed: assist our professionals in systematically monitoring, examining and analyzing outcomes and processes.
−Removed: These quality measurement systems
−Removed: are supplemented by our active peer review infrastructure designed to ensure the development and implementation of actionable items that
−Removed: will improve patient outcomes.
−Removed: Our ability to deliver high levels of customer service and patient care is a direct result of this focus,
−Removed: which helps us to differentiate our services, and to attract and retain providers.
+Added: We are focused on achieving the best clinical outcomes for our patients through the application of rigorous recruiting and credentialing standards, the promotion of a physician-led leadership culture and the monitoring of our clinical quality measures.
+Added: Through extensive clinical and leadership development programs, we train our healthcare professionals to continually enhance their skills and deliver innovative and patient-focused experiences and outcomes.
+Added: We provide internally developed continuing medical education accredited courses to our healthcare professionals, including instructor-led and on-line education sessions.
+Added: We have developed and implemented quality measurement systems that track multiple key indicators, which assist our professionals in systematically monitoring, examining and analyzing outcomes and processes.
+Added: These quality measurement systems are supplemented by our active peer review infrastructure designed to ensure the development and implementation of actionable items that will improve patient outcomes.
+Added: Our ability to deliver high levels of customer service and patient care is a direct result of this focus, which helps us to differentiate our services, and to attract and retain providers.
Ability to attract and retain high-quality providers .
−Removed: Through our processes, we are
−Removed: able to identify and target high-quality providers to match the needs of our customers.
−Removed: We believe that our operating infrastructure enables
−Removed: us to provide attractive opportunities for our providers to enhance their skills through extensive clinical and leadership development
−Removed: We believe that our differentiated recruiting, training and development programs strengthen our customer and provider relationships,
−Removed: enhance our contract and clinician retention rates and allow us to efficiently recruit providers to support our new contract pipeline.
+Added: Through our processes, we are able to identify and target high-quality providers to match the needs of our customers.
+Added: We believe that our operating infrastructure enables us to provide attractive opportunities for our providers to enhance their skills through extensive clinical and leadership development programs.
+Added: We believe that our differentiated recruiting, training and development programs strengthen our customer and provider relationships, enhance our contract and clinician retention rates and allow us to efficiently recruit providers to support our new contract pipeline.
Growth Strategies
2 unchanged sentences
Capitalize on organic growth opportunities .
−Removed: As noted above, management estimates that
−Removed: our ten facilities are operating at 35% capacity as of December 31, 2023.
−Removed: Accordingly, we believe that we have an opportunity for organic
−Removed: growth at our existing facilities.
−Removed: We also believe our physician-led, patient-focused culture and approach to clinical solutions will
−Removed: allow us to continue to successfully recruit and retain clinical professionals.
+Added: As noted above, management estimates that our twelve facilities are operating at 35% capacity as of December 31, 2024.
+Added: Accordingly, we believe that we have an opportunity for organic growth at our existing facilities.
+Added: We also believe our physician-led, patient-focused culture and approach to clinical solutions will allow us to continue to successfully recruit and retain clinical professionals.
Supplement organic growth with strategic acquisitions .
−Removed: The market in which we compete
−Removed: is highly fragmented, presenting significant opportunities for additional acquisitions.
−Removed: We will continue to follow a disciplined strategy
−Removed: in exploring future acquisitions by analyzing the strategic rationale, financial impact and organic growth profile of each potential opportunity.
−Removed: Our current focus for future acquisitions is MRI imaging, followed by medical billing and outpatient surgery centers.
−Removed: We have been in
−Removed: discussions with several privately owned MRI facilities.
−Removed: Key targets are strategically located
−Removed: within our market territory.
−Removed: We believe that the addition of these profitable businesses would be immediately enhanced by significant
−Removed: additional new business that we would direct to them.
+Added: The market in which we compete is highly fragmented, presenting significant opportunities for additional acquisitions.
+Added: We will continue to follow a disciplined strategy in exploring future acquisitions by analyzing the strategic rationale, financial impact and organic growth profile of each potential opportunity.
+Added: Our current focus for future acquisitions is outpatient Orthopedic Surgery Centers and related Clinics.
+Added: We have been in discussions with several privately owned Surgery Centers and Clinics.
+Added: Key targets are strategically located within eighteen states that we have identified to have a combination of favorable dynamics.
Enhance operational efficiencies and productivity .
−Removed: We believe there are significant
−Removed: opportunities to continue to build upon our success in improving our productivity and profitability.
−Removed: We continue to focus on initiatives
−Removed: to improve productivity, including more efficient scheduling, continued use of mid-level providers, enhancing our leadership training
−Removed: programs, improving and realigning compensation programs.
−Removed: We believe that our processes related to managed care contracting, billing,
−Removed: coding, collection and compliance have driven a strong track record of efficient revenue cycle management.
−Removed: We have made significant investments
−Removed: in infrastructure, including management information systems that we believe will continue to enable us to improve clinical results and
−Removed: key client metrics while reducing the cost of providing patient care.
−Removed: We have dedicated teams with business and clinical expertise that
−Removed: are responsible for implementing best practices.
−Removed: Furthermore, we will continue to utilize risk mitigation programs for loss prevention
−Removed: and early intervention.
−Removed: We believe that our significant investments in scalable technology systems will facilitate additional cost reductions
−Removed: and efficiencies.
+Added: We believe there are significant opportunities to continue to build upon our success in improving our productivity and profitability.
+Added: We continue to focus on initiatives to improve productivity, including more efficient scheduling, continued use of mid-level providers, enhancing our leadership training programs, improving and realigning compensation programs.
+Added: We believe that our processes related to managed care contracting, billing, coding, collection and compliance have driven a strong track record of efficient revenue cycle management.
+Added: We have made significant investments in infrastructure, including management information systems that we believe will continue to enable us to improve clinical results and key client metrics while reducing the cost of providing patient care.
+Added: We have dedicated teams with business and clinical expertise that are responsible for implementing best practices.
+Added: Furthermore, we will continue to utilize risk mitigation programs for loss prevention and early intervention.
+Added: We believe that our significant investments in scalable technology systems will facilitate additional cost reductions and efficiencies.
Intellectual Property
1 unchanged sentence
Employees and Medical Staff
−Removed: As of December 31, 2023, we had 10 employees.
−Removed: Our facilities are staffed by licensed physicians who have been admitted to the medical staff of individual facilities.
−Removed: the medical staff of our facilities also serve on the medical staffs of facilities not owned by us and may terminate their affiliation
−Removed: with our facilities at any time.
−Removed: Each of our facilities is managed on a day-to-day basis by a managing director.
−Removed: In addition, a Board
−Removed: of Governors, including members of the facility’s medical staff, governs the medical, professional and ethical practices at each
+Added: As of December 31, 2024, Nova had 13
+Added: Our facilities are staffed by licensed physicians who have been admitted to the medical staff of individual
+Added: Members of the medical staff of our facilities also serve on the medical staffs of facilities not owned by us and
+Added: may terminate their affiliation with our facilities at any time.
+Added: Each of our facilities is managed on a day-to-day basis by a
+Added: managing director.
+Added: In addition, a Board of Governors, including members of the facility’s medical staff, governs the medical,
+Added: professional and ethical practices at each facility.
We believe that our relations with our employees are satisfactory.
8 unchanged sentences
subjected to significant fines or penalties and/or required to repay amounts received from the government for previously billed patient
−Removed: Although we believe our policies, procedures and practices comply with governmental regulations, no assurance can be given that
+Added: Although we believe our policies, procedures and practices comply with government regulations, no assurance can be given that
we will not be subjected to additional governmental inquiries or actions, or that we would not be faced with sanctions, fines or penalties
5 unchanged sentences
by state licensing agencies to review standards of medical care, equipment and cleanliness.
−Removed: Our facilities s must also comply with the
−Removed: conditions of participation and licensing requirements of federal, state and local health agencies, as well as the requirements of municipal
−Removed: building codes, health codes and local fire departments.
−Removed: Various other licenses and permits are also required in order to dispense narcotics,
−Removed: operate pharmacies, handle radioactive materials and operate certain equipment.
+Added: Our facilities must also comply with the conditions
+Added: of participation and licensing requirements of federal, state and local health agencies, as well as the requirements of municipal building
+Added: codes, health codes and local fire departments.
+Added: Various other licenses and permits are also required in order to dispense narcotics, operate
+Added: pharmacies, handle radioactive materials and operate certain equipment.
All of our eligible hospitals have been accredited
11 unchanged sentences
expansion, modernization or initiation of major new services.
−Removed: Failure to obtain necessary state approval can result in our inability
−Removed: to complete an acquisition, expansion or replacement, the imposition of civil or, in some cases, criminal sanctions, the inability to
−Removed: receive Medicare or Medicaid reimbursement or the revocation of a facility’s license, which could harm our business.
−Removed: significant CON reforms have been proposed in a number of states that would increase the capital spending thresholds and provide exemptions
−Removed: of various services from review requirements.
−Removed: In the past, we have not experienced any material adverse effects from those requirements,
−Removed: but we cannot predict the impact of these changes upon our operations.
+Added: Failure to obtain necessary state approval can result in our inability to
+Added: complete an acquisition, expansion or replacement, the imposition of civil or, in some cases, criminal sanctions, the inability to receive
+Added: Medicare or Medicaid reimbursement or the revocation of a facility’s license, which could harm our business.
+Added: In addition, significant
+Added: CON reforms have been proposed in a number of states that would increase the capital spending thresholds and provide exemptions of various
+Added: services from review requirements.
+Added: In the past, we have not experienced any material adverse effects from those requirements, but we cannot
+Added: predict the impact of these changes upon our operations.
Conversion Legislation :
242 unchanged sentences
Although we believe our policies, procedures and practices
−Removed: comply with governmental regulations, no assurance can be given that we will not be subjected to inquiries or actions, or that we will
−Removed: not be faced with sanctions, fines or penalties in connection with the investigations.
+Added: comply with government regulations, no assurance can be given that we will not be subjected to inquiries or actions, or that we will not
+Added: be faced with sanctions, fines or penalties in connection with the investigations.
Even if we were to ultimately prevail, the government’s
83 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.