TakeoverPE & activists

NUTXNutex Health Inc.

Services-Business Services, NEC · $1.4B market cap · 944 employees

0.6×

Less likely than average to be taken private

Top 29% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

4of 15 firedHow well they predict deals →
11 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    351% of net income
    Cash flow under 80% of net income
  • Payouts exceed cash flowNo
    2% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    1% of assets
    Over 40% of assets
  • Shareholder dissentNo
    95% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    $927K · 77th pct
    Bottom quartile of its SIC industry
  • Recurring revenueNo
    4 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    2 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    $105K net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Feb 14, 2022DEFM14A—$3.5784.21%
Feb 3, 2022PREM14A—$3.578.26%

Key numbers

Revenue
$875MFY2021: $332MFY2022: $219MFY2023: $248MFY2024: $480MFY2025: $875M
82% YoY
Operating margin
31.5%FY2021: 51.4%FY2022: -185.4%FY2023: -12.8%FY2024: 27.2%FY2025: 31.5%
16% YoY
EBITDA
$296MFY2021: $178MFY2022: −$393MFY2023: −$14MFY2024: $150MFY2025: $296M
98% YoY
Net debt / EBITDA
-0.6×
−$181M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$332M$219M$248M$480M$875M 82% FY2021: $332MFY2022: $219MFY2023: $248MFY2024: $480MFY2025: $875M
Operating income$170M−$407M−$32M$131M$276M 111% FY2021: $170MFY2022: −$407MFY2023: −$32MFY2024: $131MFY2025: $276M
Net income$133M−$425M−$46M$52M$71M 36% FY2021: $133MFY2022: −$425MFY2023: −$46MFY2024: $52MFY2025: $71M
Operating cash flow$173M$51M$1M$23M$248M 972% FY2021: $173MFY2022: $51MFY2023: $1MFY2024: $23MFY2025: $248M
Capex$37M$15M$9M$2M$3M 9.6% FY2021: $37MFY2022: $15MFY2023: $9MFY2024: $2MFY2025: $3M
Stock-based comp$4M$190K—−$130K$108M 83176% FY2021: $4MFY2022: $190KFY2024: −$130KFY2025: $108M
Buybacks——$0$0$5MFY2023: $0FY2024: $0FY2025: $5M

13D filers

FiledFilerFormStakeIntent
Apr 11, 2022Micro Hospital Holding LLCSC 13D41.6%Passive
Apr 11, 2022Premier Macy Management Holdings, LLCSC 13D6.5%Passive

Insider trading

+$105Knet buying by insiders, open market, last 12 months
Bought $148K · 5 tradesSold $43K · 1 trade

Pay vs performance

No pay-versus-performance disclosure yet.