Nutex Health Inc.

Nutex Health Inc. (NASDAQ: NUTX) operates as a physician-led healthcare services and operations company headquartered in Houston, Texas. The company website is www.nutexhealth.com.

Nutex Health operates through three primary business segments: a hospital division, a population health management division, and a real estate division. The hospital division represents the largest revenue contributor, generating approximately 96 percent of total revenues. This division develops and operates a network of micro-hospitals, specialty hospitals, and hospital outpatient departments across twelve states, providing comprehensive 24/7 care including emergency services, inpatient care, behavioral health, and ancillary services such as imaging, laboratory testing, and onsite pharmacies. As of December 31, 2025, Nutex operated twenty-six healthcare facilities with nine additional micro-hospitals under development.

The population health management division establishes and operates independent physician associations that contract with managed care providers to deliver comprehensive care on a capitated basis. This division currently manages four IPAs with approximately thirty-eight thousand total members across California, Texas, and Florida. The real estate division owns and leases hospital facilities and corporate headquarters to operating entities.

Nutex employs nine hundred forty-four full-time employees and contracts with more than two hundred eighty physicians at its facilities while partnering with over thirty-six hundred physicians and specialists within its IPA networks. The company generated total revenues of approximately eight hundred seventy-five million dollars for the fiscal year ended December 31, 2025.

The company's business model emphasizes physician partnership and co-investment, with in-market physicians typically owning significant equity stakes in hospital facilities and related entities. Nutex provides comprehensive back-office support services including billing, collections, human resources, accounting, regulatory compliance, and marketing to its affiliated hospitals and physician groups. The company generally operates as an out-of-network provider, utilizing the federal Independent Dispute Resolution process established under the No Surprises Act to resolve billing disputes with insurers. Nutex engages third-party technology platforms to navigate the complex arbitration landscape across multiple states with varying regulatory frameworks.