HOUSTON, Sept. 5,
2023 /PRNewswire/ -- Nutex Health Inc. ("Nutex
Health" or the "Company") (NASDAQ: NUTX), a physician-led,
technology-enabled integrated healthcare delivery system comprised
of 22 state-of-the-art micro hospitals in 8 states and primary
care-centric, risk-bearing physician networks, today announced the
appointment of Joshua DeTillio as
the Company's Chief Operating Officer effective on or about
October 2, 2023.
Mr. DeTillio is an experienced healthcare leader with over 20
years of hospital experience and 12 years as a CEO in
investor-owned, publicly traded companies. He has demonstrated
success in collaborating with and leading boards and physicians to
drive growth, improve culture, and deliver results on stated
metrics in highly competitive markets.
Among his many successes, Mr. DeTillio most recently served as
Chief Executive Officer at Bravera Health, owned by Community
Health Systems, where he recruited several new physicians to the
Medical Group, including three General Surgeons, a Vascular
Surgeon, three in-market Orthopedic Surgeons, and four primary care
providers. He contributed to overall market share growth of 4.3%
from 2021 to 2022 as a result of ED, EMS, surgical, and service
line growth.
From 2018-2021 Mr. DeTillio served as Chief Executive Officer at
Palms West Hospital and The Children's Hospital at Palms West, HCA,
where he helped drive significant volume growth from 2018 to 2020
(Robotic Surgery - 25.8%, Deliveries – 10.2%, NICU – 26.8%). In his
time there from 2019 to 2020, the EBITDA adjusted growth was 10.7%,
with a margin increase from 19.9% to 22.4%, as well as being 12.4%
ahead of budget on the 2021 EBITDA.
Prior to 2018, Mr. DeTillio served as the CAO at Gulf Coast
Medical Center where he led a team of 3,588 employees, 710
physicians, and over 600 volunteers, with an annual budget of over
$600M. Other accomplishments
include serving as the COO at St. Mary's Medical Center and Palm
Beach Children's Hospital, COO at North Shore Medical Center,
Associate Administrator at Aventura Hospital and Medical Center,
Administrative Fellow at Cedars Medical Center, and a Field
Artillery Officer in the United
States Army.
Mr. DeTillio holds a BS from the Unites States Military Academy
at West Point, an MBA from Vanderbilt
University, Owen Graduate School of Management, and a Master
of Public Health from Harvard
University, Harvard Chan
School of Public Health.
"Nutex has accomplished so much to date and has a very bright
future ahead with the disruption and changing marketplace in
healthcare. I'm looking forward to being a part of the journey and
to add value along the way," stated Josh
DeTillio, FACHE, MBA, Chief Operating Officer of Nutex
Health.
"On behalf of the Board and the entire team, it is with great
pleasure that we announce the appointment of our new Chief
Operating Officer, Josh DeTillio,
who brings a wealth of experience in driving revenue growth and
operational efficiency to the Company," stated Tom Vo, M.D., MBA, Chairman and Chief Executive
Officer of Nutex Health.
"Josh is an exceptional business leader and has demonstrated the
ability to grow and manage hospital systems, develop talented
leaders and help hospitals transform, all while delivering strong
financial results. We look forward to working with him on
driving efficient and profitable growth for many years to come,"
stated Warren Hosseinion, M.D.,
President of Nutex Health.
About Nutex Health Inc.
Headquartered in Houston, Texas and founded in 2011,
Nutex Health Inc. (NASDAQ: NUTX) is a healthcare management and
operations company with two divisions: a Hospital Division and a
Population Health Management Division.
The Hospital Division owns, develops and operates innovative
health care models, including micro-hospitals, specialty hospitals,
and hospital outpatient departments (HOPDs). This division owns and
operates 22 facilities in 8 states.
The Population Health Management division owns and operates
provider networks such as Independent Physician Associations
(IPAs). Through our Management Services Organization (MSO), we
provide management, administrative and other support services to
our affiliated hospitals and physician groups. Our cloud-based
proprietary technology platform aggregates clinical and claims data
across multiple settings, information systems and sources to create
a holistic view of patients and providers, allowing us to deliver
greater quality care more efficiently.
Forward-Looking Statements
Certain statements and information included in this press
release constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Act of 1995. When used in this
press release, the words or phrases "will", "will likely result,"
"expected to," "will continue," "anticipated," "estimate,"
"projected," "intend," "goal," or similar expressions are intended
to identify "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
are subject to certain risks, known and unknown, and uncertainties,
many of which are beyond the control of the Company. Such
uncertainties and risks include, but are not limited to, our
ability to successfully execute our growth strategy, changes in
laws or regulations, including the interim final and final rules
implemented under the No Surprises Act , economic conditions,
dependence on management, dilution to stockholders, lack of
capital, the effects of rapid growth upon the Company and the
ability of management to effectively respond to the growth and
demand for products and services of the Company, newly developing
technologies, the Company's ability to compete, conflicts of
interest in related party transactions, regulatory matters,
protection of technology, lack of industry standards, the effects
of competition and the ability of the Company to obtain future
financing. An extensive list of factors that can affect future
results are discussed in the Current Report on Form 10-Q for the
period ended March 31, 2023 under the heading "Risk
Factors" in Part I, Item IA thereof, and other documents filed from
time to time with the Securities and Exchange Commission. Such
factors could materially adversely affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements
expressed within this press release.
View original
content:https://www.prnewswire.com/news-releases/nutex-health-announces-the-appointment-of-joshua-detillio-as-its-new-chief-operating-officer-301917382.html
SOURCE Nutex Health, Inc.