EHSI on OTC

Elite Health Systems Inc.

American specialty outpatient facilities services company based in Ontario1

In its 2026 annual report the company says: “Elite Health designs, markets, and manages a Medicare Advantage plan or Medicare Part C — a government-approved health plan that delivers Medicare benefits through a managed care or coordinated care model.”4 Its shares trade on OTC under the symbol EHSI.1

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Last updated Oct 20, 2026.

Overview

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  • TickerEHSI on OTC1
  • IndustryServices-Specialty Outpatient Facilities, NEC1
  • HeadquartersOntario, California1
  • Incorporated inDE2
  • Business address1131 W 6Th Street, Suite 225, Ontario, Ca 917622
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

Elite Health Systems Inc (the “Company”) is developing Medicare Advantage plans and offering other healthcare related services with a focus on improving and providing access to healthcare, primarily to senior and special needs groups in selected locations. The Company operates through its wholly owned subsidiaries, Elite Health Plan, Inc. (“Elite Health”) and Physician Support Systems Inc. (“PSS”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.5%Gross margin5
-374.9%Operating margin5
-762.1%Net margin6
-146.9%Return on equity5
-$2.9MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue19¢$906.0K
  • Selling, general and admin81¢$4.0M

Out of $1.0M in revenue.56 The company lost money this year.

Financial statements

Revenue78910115$1.0M in 2025−67% since 2019
0$1.0M$2.0M$3.0M$4.0M2019: $3.1M$3.1M20192020: $3.2M$3.2M2020+3%2021: $1.1M$1.1M2021−67%2022: $0$020222023: $0$020232024: $0$020242025: $1.0M$1.0M2025
Gross profit5$118.0K in 2025
0$50.0K$100.0K$150.0K2024: $0$020242025: $118.0K$118.0K2025
Operating income78910115-$3.8M in 2025
-$4.0M-$2.0M0$2.0M2019: $1.5M$1.5M20192020: $1.6M$1.6M2020+8%2021: -$88.0K-$88.0K20212022: -$1.4M-$1.4M2022+1475%2023: -$765.0K-$765.0K2023−45%2024: -$1.8M-$1.8M2024+134%2025: -$3.8M-$3.8M2025+114%
Net income78912136-$7.8M in 2025
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2019: $142.0K$142.0K20192020: $533.0K$533.0K2020+275%2021: -$881.0K-$881.0K20212022: -$1.6M-$1.6M2022+78%2023: -$816.0K-$816.0K2023−48%2024: -$2.1M-$2.1M2024+152%2025: -$7.8M-$7.8M2025+280%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue$1.0M$0
Cost of revenue-$906.0K$0
Gross Profit$118.0K$0
Selling, general and administrative$4.0M$1.8M
Operating loss-$3.8M-$1.8M
Interest income$13.0K$9.0K
Loss from loans to unconsolidated entities$0-$524.0K
Income (loss) from investments in unconsolidated entities, net$0$90.0K
Impairment expense - goodwill-$4.0M$0
Total other expense-$4.0M-$425.0K
Loss before income taxes-$7.8M-$2.2M
Income tax benefit (provision)$0$163.0K
Net loss-$7.8M-$2.1M
Basic and diluted net loss per share attributable to Elite Health Systems Inc. (in dollars per share)-$0.35-$0.13
Weighted average common shares outstanding, basic and diluted (in shares)22.6M shares15.4M shares

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Corporate structure

Elite Health Systems Inc. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Elite Health Systems Inc.

  • Prasad Anjaneya Jeereddi Filed SCHEDULE 13D on Elite Health Systems Inc., latest Dec 29, 2025 (2 filings since Dec 5, 2023)
  • ALLEN HOLDING INC /NY Filed SCHEDULE 13G on Elite Health Systems Inc., latest Feb 26, 2025
  • Elite Health Systems Inc. Ontario, California
    • Elite Health Plan of Nevada, Inc. Subsidiary · Nevada, United States
    • Elite Health Plan, Inc. Subsidiary · California, United States
    • Elite Systems Holdings Inc. Subsidiary · Delaware, United States
    • Physician Support Systems Inc, Subsidiary · California, United States
    • USN Corona, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Elite Health Systems Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$7.0K5 Dec 31, 2025$72.0K11 Dec 31, 2024−90.3%
Operating-lease assets (leased space)$37.0K5 Dec 31, 2025$72.0K5 Dec 31, 2024−48.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.8M5 Dec 31, 2025$4.0M5 Dec 31, 2024−6.8%
Stakes in other companies (equity method)$011 Dec 31, 2024$189.0K11 Dec 31, 2023−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$984.0K5 Dec 31, 2025$05 Dec 31, 2024

Properties, in its own words

Until January 2024, the Company's executive offices were located in Rockville, MD. The Company’s headquarters are now located in, Ontario, CA where it conducts substantially all of its administrative operations in offices it shares with its wholly-owned subsidiary, Elite Health Plan, Inc.

Item 2 of the 10-K filed Apr 15, 2026.4

Leadership

Who has led Elite Health Systems Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Kenneth A. Minor2025–now
201520202025
Board members and other officers (4)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorAlan Gold named Dec 5, 2024 to Jul 31, 202520
  • DirectorHaranath F. Policherla named Jul 31, 202520
  • DirectorWilliam F. St. Lawrence named Dec 5, 2024 to Jul 31, 202520

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Elite Health Plan of Nevada, Inc. Nevada3
  • Elite Health Plan, Inc. California3
  • Elite Systems Holdings Inc. Delaware3
  • Physician Support Systems Inc, California3
  • USN Corona, Inc. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Elite Health Systems, Inc.Oct 3, 2024 to Oct 3, 20242
  • U.S. NeuroSurgical Holdings, Inc.Sep 3, 2015 to Aug 9, 20242
  • US NEUROSURGICAL INCAug 10, 1999 to Aug 14, 20152

Timeline

  1. Aug 5, 20268-K Entered a material agreement21
  2. Jul 10, 20268-K Other events22
  3. Nov 5, 20258-K Shareholder vote23
  4. Sep 29, 20258-K Entered a material agreement24
  5. Sep 2, 20258-K Entered a material agreement25
  6. Jul 31, 20258-K Executive or director change26
  7. Jul 3, 20258-K Unregistered sale of shares; Other events27
  8. Jun 9, 20258-K Entered a material agreement28
  9. Jun 5, 20258-K Entered a material agreement29
  10. May 30, 20258-K Entered a material agreement30
  11. Dec 2, 20248-K Entered a material agreement; Other events31
  12. Nov 6, 2024New chief executive Prasad Anjaneya Jeereddi becomes CEO15
  13. Oct 3, 20248-K Bylaws or fiscal year changed; Other events32

Filings

87 filings to the SEC since October 2021: 7 annual reports, 16 quarterly reports, 20 major events, 21 insider forms, 3 large holders, 5 private raises, 15 other. The latest 20:

  1. Sep 9, 20264 EDGAR
  2. Aug 19, 202610-Q EDGAR
  3. Aug 14, 2026NT 10-Q EDGAR
  4. Aug 5, 20268-K EDGAR
  5. Aug 4, 20264 EDGAR
  6. Jul 10, 20268-K EDGAR
  7. Jul 9, 20264 EDGAR
  8. Jun 9, 20264 PRIMARY DOCUMENT EDGAR
  9. May 20, 202610-Q EDGAR
  10. May 15, 2026NT 10-Q EDGAR
  11. May 13, 20264 PRIMARY DOCUMENT EDGAR
  12. Apr 15, 202610-K EDGAR
  13. Apr 1, 2026NT 10-K EDGAR
  14. Jan 8, 20264 EDGAR
  15. Dec 29, 2025SCHEDULE 13D EDGAR
  16. Dec 3, 20254 EDGAR
  17. Nov 13, 202510-Q EDGAR
  18. Nov 5, 20258-K EDGAR
  19. Sep 29, 2025DEF 14A EDGAR
  20. Sep 29, 20258-K EDGAR

The 87 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 9 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 2, 2026jeereddi Prasad AnjaneyaCEOBuy42,105$0.95$40.0KForm 4
Jun 1, 2026jeereddi Prasad AnjaneyaCEOBuy6,000$1.05$6.3KForm 4
May 15, 2026jeereddi Prasad AnjaneyaCEOBuy6,000$1.05$6.3KForm 4
Apr 29, 2026jeereddi Prasad AnjaneyaCEOBuy1,707$1.08$1.8KForm 4
Jan 8, 2026jeereddi Prasad AnjaneyaCEOBuy3,202$1.43$4.6KForm 4
Jan 6, 2026jeereddi Prasad AnjaneyaCEOBuy400$1.33$532Form 4
Nov 4, 2025jeereddi Prasad AnjaneyaCEOBuy1,452,680$0.95$1.4MForm 4
May 1, 2025jeereddi Prasad AnjaneyaCEOBuy3,000$0.75$2.2KForm 4
Nov 5, 2024jeereddi Prasad AnjaneyaCEOBuy3,000$0.83$2.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Dr. Prasad Jeereddi$125.0K35
2024Alan GoldFormer President & Chairman of the Board$25.0K35
2023Alan GoldFormer President & Chairman of the Board$125.0K35
2022Alan GoldFormer President & Chairman of the Board$188.0K35

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 31, 2025Filed a private offering of equity Form D: $5 million offered in all Form D
  2. Jan 16, 2024Raised $5 million in a private offering of equity Form D: $5.5 million offered in all Form D

SEC filer profile

How Elite Health Systems Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARElite Health Systems Inc.1
  • CIK0001089815
  • Employer ID (EIN)47-53703334
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)8093 Services-Specialty Outpatient Facilities, NEC1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address1131 W 6Th Street, Suite 225, Ontario, CA 917621
  • Phone949-249-11701
  • Shares outstanding28,521,620 as of Aug 19, 20266
  • Public float$23.9M as of Jun 30, 20254
  • AuditorMercurius & Associates LLP, New Delhi, India PCAOB ID 3233; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 1, 19991
  • Filings227 in all: 10-Q (73), 10-K (25), 8-K (25), 4 (20), NT 10-K (12), NT 10-Q (10), 10QSB (8), CORRESP (7)1
    All 27 form types

    UPLOAD (7), 10-Q/A (6), 10-K/A (4), 5 (4), SC 13G/A (4), 3 (3), D/A (3), 10-12G/A (2), 10KSB (2), D (2), SC 13D (2), 10-12G (1), 8-K/A (1), 8-K12G3 (1), DEF 14A (1), PRE 14A (1), SC 13G (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 19, 2026
    Proxy statement (DEF 14A) Sep 29, 2025
    Latest 8-K (8-K) Aug 5, 2026

Risk factors and legal proceedings

The risks Elite Health Systems Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 28 risks under these headings, as written.4

  • RISKS RELATED TO OUR BUSINESS
  • The principal business activity of the Company going forward will be the development of Medical Advantage plans under its Elite Health subsidiaries. This is a new business area for the Company and there can be no assurance that the Company will be successful in advancing its Elite Health business.
  • Although we raised sufficient capital to achieve our license and launch our Medicare Advantage plan, we will require additional capital, which might not be available on acceptable terms, if at all. If capital is not available to us, our business and financial condition may be impaired, and we may not be able to continue as a going concern.
  • If we are unable to maintain a Medicare Advantage license in California, acquire sufficient managed health consumers in California, expand consumer enrollment beyond this initial state, or diversify and expand our portfolio of products and services, our business and results of operations will be significantly impaired.
  • We are subject to risks associated with outsourcing services and functions to third parties. If we are unsuccessful in securing reliable third parties, or if we experience negative outcomes through these parties, our business may be substantially impacted.
  • We operate in highly competitive markets dominated by large providers with significantly more resources than ourselves.
  • If we or one of our significant vendors sustain a cyber-attack or suffer data privacy or security breaches that disrupt our information systems or operations, or result in the dissemination of sensitive personal or confidential information, we could suffer increased costs, exposure to significant liability, reputational harm, loss of business, and other serious negative consequences.
  • Failure to appropriately set premiums or effectively manage our costs could negatively affect our profitability, results of operations and cash flows.
  • The costs associated with the launch and development of Medical Advantage plans by our Elite Health business or failure to attain profitability in any newly launched or acquired businesses could negatively affect our results of operations.
  • We will primarily depend on reimbursement by third-party payors, as well as payments by individuals, which could lead to delays, uncertainties and disagreements regarding the timing and process of reimbursement, including any changes or reductions in Medicare reimbursement rates or rules.
  • Our health plans are subject to risk associated with various contractual provisions and regulations establishing medical cost expenditure floors, profit ceilings, risk corridors, and quality withholds.
  • If we fail to accurately predict and effectively manage our medical care costs, our operating results could be materially and adversely affected.
The other 17 risks
  • If we are unable to deliver quality care, and maintain good relations with the physicians, hospitals, and other providers with whom we contract, or if we are unable to enter into cost-effective contracts with such providers, our profitability could be adversely affected.
  • Our business will depend on our information and medical management systems, and our inability to effectively integrate, manage, update, and keep secure our information and medical management systems could disrupt our operations.
  • The use of artificial intelligence (“AI”), data analytics, and other technologies are expected to become a key component in the administration and management of health plans and health care delivery. If we are not successful in utilizing AI initiatives and other advancements in technology in our business, we will not be able to compete effectively and business, reputation, or financial results could be adversely affected.
  • RISKS RELATED TO OUR INDUSTRY
  • Our health plans will operate with very low profit margins, and small changes in operating performance or slight changes to our accounting estimates could have a disproportionate impact on our potential net income.
  • Our use and disclosure of personally identifiable information and other non-public information, including protected health information, will be subject to federal and state privacy and security regulations, and our failure or the failure of our vendors to comply with those regulations or to adequately secure the information we hold could result in significant liability or reputational harm.
  • Large-scale medical emergencies in one or more states in which we plan to operate our health plans could significantly increase utilization rates and medical costs.
  • We will face various risks inherent in the government contracting process that could materially and adversely affect our business and profitability, including periodic routine and non-routine reviews, audits, and investigations by government agencies.
  • Any changes to the laws and regulations governing our business, or the interpretation and enforcement of those laws or regulations, could require us to modify our operations and could negatively impact our operating results.
  • We will be subject to extensive fraud and abuse laws that may give rise to lawsuits and claims against us, the outcome of which may have a material adverse effect on our potential business, financial condition, cash flows, or results of operations.
  • Medical liability claims made against us in the future could cause us to incur significant expenses and pay significant damages if not covered by insurance.
  • Restrictions on our ability to obtain funds from our regulated subsidiaries could materially and adversely affect our ability to reinvest in our business or and return capital to our shareholders.
  • RISKS RELATED TO OWNERSHIP OF OUR COMMON STOCK
  • Stock Price Volatility; Illiquid Trading Market
  • Our stock price has experienced significant volatility and may change significantly in the future, as a result you may not be able to resell shares of our common stock at or above the price investors paid or at all, and investors could lose all or part of their investment as a result.
  • Our quarterly operating results fluctuate and may fall short of prior periods, our projections or the expectations of investors or securities analysts, which could materially adversely affect our stock price.
  • GENERAL RISK FACTORS
  • We are dependent on the leadership of the chief executive officer and other key employees of our operating subsidiaries. Moreover, if we are unable to attract and retain additional executives in the near term, our business could be negatively impacted.
  • Failure to maintain effective internal controls over financial reporting could have a material adverse effect on our business, operating results, and stock price, and could subject us to sanctions by regulatory authorities.
  • The expense and administrative burdens as a public company could have an adverse effect on the Company and its business, financial condition and results of operations.

Legal proceedings

The Company is subject to lawsuits, investigations and potential claims arising out of the ordinary conduct of its business. The Company is not currently involved in any material litigation.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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