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Performant Healthcare, Inc. Ticker Symbol Change to “PHLT”

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Performant Healthcare (Nasdaq: PFMT) has announced its ticker symbol will change from 'PFMT' to 'PHLT' effective December 18, 2024. This change reflects the company's transformation into a pure-play healthcare payment integrity leader. The transition requires no action from shareholders, and there will be no changes to the company's CUSIP number, GICS, and NAICS codes.

Performant specializes in supporting healthcare payers by identifying and preventing waste and improper payments through advanced technology and analytics. The company provides both eligibility-based coordination-of-benefits (COB) services and claims-based audit services in government and commercial healthcare markets.

Performant Healthcare (Nasdaq: PFMT) ha annunciato che il suo simbolo di borsa cambierà da 'PFMT' a 'PHLT' a partire dal 18 dicembre 2024. Questo cambiamento riflette la trasformazione dell'azienda in un leader nel pagamento dell'integrità dei servizi sanitari. La transizione non richiede alcuna azione da parte degli azionisti e non ci saranno modifiche al numero CUSIP dell'azienda, ai codici GICS e NAICS.

Performant si specializza nel supportare i pagatori sanitari identificando e prevenendo sprechi e pagamenti impropri attraverso tecnologie avanzate e analisi. L'azienda offre servizi di coordinamento dei benefici basati sull'idoneità (COB) e servizi di audit basati sulle richieste nel settore sanitario pubblico e commerciale.

Performant Healthcare (Nasdaq: PFMT) ha anunciado que su símbolo bursátil cambiará de 'PFMT' a 'PHLT' a partir del 18 de diciembre de 2024. Este cambio refleja la transformación de la compañía en un líder en la integridad de los pagos en el sector salud. La transición no requiere ninguna acción por parte de los accionistas y no habrá cambios en el número CUSIP de la empresa, así como en los códigos GICS y NAICS.

Performant se especializa en apoyar a los pagadores de salud identificando y previniendo desperdicios y pagos indebidos a través de tecnología avanzada y análisis. La empresa ofrece servicios de coordinación de beneficios basados en la elegibilidad (COB) y servicios de auditoría basados en reclamaciones en los mercados de salud gubernamentales y comerciales.

퍼포먼트 헬스케어 (Nasdaq: PFMT)는 2024년 12월 18일부터 주식의 티커 기호가 'PFMT'에서 'PHLT'로 변경된다고 발표했습니다. 이 변화는 회사가 순수한 헬스케어 결제 안전성 리더로 변모하고 있음을 반영합니다. 주주들은 아무런 조치를 취할 필요가 없으며, 회사의 CUSIP 번호, GICS 및 NAICS 코드에 대한 변화는 없습니다.

퍼포먼트는 첨단 기술과 분석을 통해 헬스케어 지불자들을 지원하여 낭비와 부적절한 지불을 식별하고 방지하는 데 전문화되어 있습니다. 이 회사는 자격 기반의 수혜자 조정(COB) 서비스와 정부 및 상업헬스케어 시장에서의 청구 기반 감사 서비스를 제공합니다.

Performant Healthcare (Nasdaq: PFMT) a annoncé que son symbole boursier changera de 'PFMT' à 'PHLT' à partir du 18 décembre 2024. Ce changement reflète la transformation de l'entreprise en un leader de l'intégrité des paiements dans le secteur de la santé. La transition ne nécessite aucune action de la part des actionnaires et il n'y aura aucun changement dans le numéro CUSIP de l'entreprise, ni dans les codes GICS et NAICS.

Performant est spécialisé dans le soutien aux payeurs de santé en identifiant et en prévenant le gaspillage et les paiements inappropriés grâce à des technologies avancées et à l'analyse. L'entreprise propose à la fois des services de coordination des prestations basés sur l'éligibilité (COB) et des services d'audit basés sur les demandes dans les marchés de la santé publics et commerciaux.

Performant Healthcare (Nasdaq: PFMT) hat angekündigt, dass sich das Tickersymbol von 'PFMT' zu 'PHLT' ändern wird, wirksam ab dem 18. Dezember 2024. Dieser Wechsel spiegelt die Transformation des Unternehmens zu einem führenden Anbieter von Zahlungsintegrität im Gesundheitswesen wider. Der Übergang erfordert keine Maßnahmen von den Aktionären und es wird keine Änderungen an der CUSIP-Nummer, den GICS- und NAICS-Codes des Unternehmens geben.

Performant ist darauf spezialisiert, Krankenkassen zu unterstützen, indem sie Verschwendung und unzulässige Zahlungen durch fortschrittliche Technologie und Analytik identifiziert und verhindert. Das Unternehmen bietet sowohl leistungsabhängige Koordinationsdienstleistungen für Vorteile (COB) als auch leistungsbasierte Prüfungsdienste in den öffentlichen und kommerziellen Gesundheitsmärkten an.

Positive
  • Strategic repositioning as a pure-play healthcare payment integrity leader
  • Maintains Nasdaq listing status
  • No disruption to shareholders during ticker transition
Negative
  • None.

Insights

The ticker symbol change from PFMT to PHLT represents a strategic rebranding that aligns with Performant's focus on healthcare payment integrity solutions. While ticker changes typically have minimal direct financial impact, this move could enhance visibility among healthcare-focused investors and analysts. The timing coincides with the company's transformation into a pure-play healthcare services provider, potentially attracting sector-specific institutional investors who may have overlooked the stock under its previous symbol. The transition maintains all critical identifiers, ensuring seamless trading continuity for existing shareholders.

PLANTATION, Fla.--(BUSINESS WIRE)-- Performant Healthcare, Inc. (Nasdaq: PFMT) (“Performant” or the “Company”) is pleased to announce that its ticker symbol on the Nasdaq stock exchange will change from “PFMT” to “PHLT” effective as of market open on Wednesday, December 18, 2024.

The change reflects Performant’s strategic evolution into a pure-play healthcare payment integrity leader, underscoring its commitment to providing innovative solutions that reduce waste and abuse in the healthcare system.

The transition to “PHLT” requires no action from shareholders. Performant’s common shares will continue to be listed on Nasdaq with no changes to the CUSIP number, GICS, and NAICS codes associated with the Company’s common stock.

ABOUT PERFORMANT

Performant supports healthcare payers in identifying, preventing, and recovering waste and improper payments by leveraging advanced technology, analytics and proprietary data assets. Performant works with leading national and regional healthcare payers to provide eligibility-based, also known as coordination-of-benefits (COB) services, as well as claims-based services, which includes the audit and identification of improperly paid claims. Performant is a leading provider of these services in both government and commercial healthcare markets. Performant also provides advanced reporting capabilities, support services, customer care, and stakeholder training programs designed to mitigate future instances of improper payments.

To learn more about Performant, please visit https://www.performantcorp.com

Jon Bozzuto

Investor Relations

Performant Healthcare, Inc.

925-960-4988

investors@performantcorp.com

Source: Performant Healthcare, Inc.

FAQ

When will Performant Healthcare (PFMT) change its ticker symbol to PHLT?

Performant Healthcare will change its ticker symbol from PFMT to PHLT effective at market open on Wednesday, December 18, 2024.

Do Performant (PFMT) shareholders need to take any action for the ticker change to PHLT?

No, shareholders do not need to take any action regarding the ticker symbol change from PFMT to PHLT. All shares will automatically transfer to the new symbol.

Will Performant's CUSIP number change with the new PHLT ticker symbol?

No, Performant's CUSIP number will remain unchanged despite the ticker symbol change from PFMT to PHLT.

Why is Performant Healthcare changing its ticker from PFMT to PHLT?

The ticker change reflects Performant's strategic evolution into a pure-play healthcare payment integrity leader, emphasizing its focus on healthcare payment solutions.

Performant Healthcare, Inc.

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