Houston-based Nobilis Health is voluntarily delisting from the Toronto Stock Exchange, according to Yahoo Finance.
Here are four things to know:
1. Nobilis will delist its shares at the close of the markets on Dec. 30, 2016.
2. The TSX delisting will not impact Nobilis' listing on the New York Stock Exchange.
3. On the NYSE MKT, Nobilis common shares will hold the symbol "HLTH."
4. Canadian shareholders can trade their Nobilis shares on the NYSE MKT through their brokers that have U.S. registered broker-dealer affiliates.
"After careful consideration, the directors of the company can no longer justify the expenses and administrative efforts, among other factors, associated with maintaining a dual listing," said Donald Kramer, MD, board chairman, Nobilis. "Delisting from the TSX will create a central marketplace for Nobilis shares and we believe that harmonizing our U.S.-based operational focus with a single U.S.-based trading platform will enhance the company's long term liquidity, analyst coverage and access to U.S. financing. We believe this is a prudent move for shareholders."