Shares Of Nobilis Health Surge Following Release Of Q3 Results, Financial Restatement

Shares of Nobilis Health Corp HLTH, a small-cap developer and manager of ambulatory surgical centers, surged higher by more than 20 percent on Wednesday after the company reported its third quarter results.

Nobilis Health said its third quarter was its "strongest quarter so far" its revenue rose 205 percent from a year ago to $52.5 million. Net income attributable to the company was $10.9 million.

"I believe the results of our third quarter showcase management's ability to execute on operations amid healthy YTD growth," said Harry Fleming, CEO of Nobilis Health. "Our growth this year is proving management's belief that direct to consumer marketing and strategic partnerships can drive growth. We believe that 2015 will finish strong and we look forward to carrying this momentum into 2016."

Nobilis Health also disclosed that it has completed and filed all restated financial results for the 3 and 9 months period ending September 30, 2015 and the relevant SEC documents can be retrieved via the company's investor relations website.

Shares traded recently at $2.86, up 19 percent.