Performant Healthcare Inc

Overview

• IndustryServices-Miscellaneous Business Services¹
• HeadquartersPlantation, Florida¹
• Incorporated inDE²
• Business address900 South Pine Island Road, Suite 150, Plantation, Fl 33324²
• Filer categoryAccelerated filer, Smaller reporting company²

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We support payers in the healthcare industry with identifying, preventing, and recovering waste and improper payments by leveraging advanced technology, analytics and proprietary data assets. We work 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. Our eligibility based services involve identifying and recovering payments in situations where our client should not be the primary payer of healthcare claims because a member has other forms of insurance coverage, while our claims-based services include the audit and identification of improperly paid claims. We are a leading provider of these services in both government and commercial healthcare markets. We also provide advanced reporting capabilities, support services, customer care, and stakeholder training programs des…⁴ From its latest annual report

Corporate structure

Performant Healthcare Inc sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

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 Performant Healthcare 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

Investments

Intangibles and goodwill

Properties, in its own words

Facilities

As of December 31, 2024, we operated four separate office locations throughout the United States. Our Plantation, Florida facility serves as our corporate headquarters.

Item 2 of the 10-K filed Mar 13, 2025.⁴

Leadership

Who has led Performant Healthcare Inc, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerSimeon Kohl May 9, 2023 to now¹⁴
• Chief executive officerLisa Im Aug 9, 2012 to Jan 16, 2018¹⁵
• PresidentSimeon Kohl May 17, 2022 to Aug 16, 2022¹⁶
• PresidentJeffrey Haughton Aug 21, 2015 to Aug 21, 2015¹⁷
• Chief financial officerRohit Ramchandani May 9, 2023 to now¹⁸
• Chief financial officerHakan Orvell Aug 9, 2012 to Apr 10, 2017¹⁹
• Chief operating officerJeffrey Haughton Apr 14, 2016 to Nov 1, 2017²⁰
• Chief operating officerHarold Leach Jr. Aug 9, 2012 to Mar 18, 2016²¹

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• Performant Business Services, Inc. Nevada³
• Performant Recovery, Inc. California³
• Performant Technologies, LLC. California³

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

Former names

• Performant Financial CorpJun 18, 2012 to Nov 15, 2024²

Timeline

1. Oct 21, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer³⁹
2. Oct 17, 20258-K Shareholder vote⁴⁰
3. Aug 1, 20258-K Entered a material agreement; Executive or director change⁴¹
4. Aug 1, 20258-K Results of operations⁴²
5. Jun 23, 20258-K Shareholder vote⁴³
6. May 8, 20258-K Results of operations⁴⁴
7. Mar 12, 20258-K Results of operations⁴⁵
8. Dec 10, 20248-K Bylaws or fiscal year changed⁴⁶
9. Nov 6, 20248-K Results of operations⁴⁷
10. Aug 7, 20248-K Results of operations⁴⁸
11. Jun 24, 20248-K Shareholder vote⁴⁹
12. May 7, 20248-K Results of operations⁵⁰
13. May 9, 2023New chief executive Simeon Kohl becomes CEO¹⁴
14. Aug 9, 2012New chief executive Lisa Im becomes CEO¹⁵

Calendar

When it reported results

1. Aug 1, 2025Reported quarterly or annual results⁴²
2. May 8, 2025Reported quarterly or annual results⁴⁴
3. Mar 12, 2025Reported quarterly or annual results⁴⁵
4. Nov 6, 2024Reported quarterly or annual results⁴⁷
5. Aug 7, 2024Reported quarterly or annual results⁴⁸
6. May 7, 2024Reported quarterly or annual results⁵⁰
7. Mar 12, 2024Reported quarterly or annual results⁵¹
8. Nov 7, 2023Reported quarterly or annual results⁵²

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

180 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 30 major events, 82 insider forms, 23 large holders, 29 other. The latest 20:

1. Nov 20, 2025EFFECT EDGAR
2. Nov 14, 2025SCHEDULE 13G/A EDGAR
3. Nov 13, 2025SCHEDULE 13G/A EDGAR
4. Oct 31, 202515-12G EDGAR
5. Oct 30, 2025SCHEDULE 13G/A EDGAR
6. Oct 23, 2025SCHEDULE 13D/A EDGAR
7. Oct 22, 20254 EDGAR
8. Oct 21, 20254 EDGAR
9. Oct 21, 20254 EDGAR
10. Oct 21, 20254 EDGAR
11. Oct 21, 20254 EDGAR
12. Oct 21, 20254 EDGAR
13. Oct 21, 20254 EDGAR
14. Oct 21, 20254 EDGAR
15. Oct 21, 2025POS AM EDGAR
16. Oct 21, 2025S-8 POS EDGAR
17. Oct 21, 2025S-8 POS EDGAR
18. Oct 21, 2025S-8 POS EDGAR
19. Oct 21, 2025S-8 POS EDGAR
20. Oct 21, 20258-K EDGAR

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

Insider trades

30 open-market trades by officers, directors and large owners since October 2021: 18 buys and 12 sales. Grants, option exercises and gifts are left out.

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.

• Topline Capital Management, LLCSCHEDULE 13G/A, 3 filings Apr 18, 2024 to Nov 14, 2025⁵³
• GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings Aug 21, 2025 to Nov 13, 2025⁵⁴
• VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jul 29, 2025 to Oct 30, 2025⁵⁵
• PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.SCHEDULE 13D/A, 5 filings Oct 7, 2021 to Oct 23, 2025⁵⁶
• First Light Asset Management, LLCSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Aug 14, 2025⁵⁷
• PARTHENON INVESTORS II. L.P.SC 13G/A, 3 filings Feb 8, 2022 to Feb 8, 2024⁵⁸
• ECMC Group, Inc.SC 13G/A, 2 filings Feb 7, 2022 to Feb 14, 2023⁵⁹
• Mill Road Capital II, L.P.SC 13D/A, 1 filing Aug 31, 2022⁶⁰

SEC filer profile

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

• Name on EDGARPerformant Healthcare Inc¹
• CIK0001550695
• Employer ID (EIN)20-0484934⁴
• Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inDelaware⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)7380 Services-Miscellaneous Business Services¹
• SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance¹
• Business address900 South Pine Island Road, Suite 150, Plantation, FL 33324¹
• Mailing address4309 Hacienda Dr, Suite 110, Pleasanton, CA 94588¹
• Phone925-960-4800¹
• Shares outstanding78,997,024 as of Aug 6, 2025¹²
• Public float$127.8M as of Jun 30, 2024⁴
• AuditorBaker Tilly US, LLP, Atlanta, Georgia PCAOB ID 23; it also attests to the company’s internal control over financial reporting⁴
• On EDGAR sinceJun 18, 2012¹
• Filings696 in all: 4 (321), 8-K (114), 10-Q (39), SC 13G/A (36), 3 (25), CORRESP (14), DEFA14A (14), UPLOAD (14)¹
  All 39 form types

  10-K (13), DEF 14A (13), SC 13G (13), SC 13D/A (10), EFFECT (9), S-1/A (8), S-3 (5), 424B5 (4), S-8 (4), S-8 POS (4), SC 13D (4), SCHEDULE 13G/A (4), 424B4 (3), S-1 (3), 10-K/A (2), 144 (2), PRE 14A (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), 15-12G (1), 25-NSE/A (1), 4/A (1), 8-A12B (1), 8-K/A (1), CERTNAS (1), DEFM14A (1), DEFR14A (1), NT 10-K (1), POS AM (1), PREM14A (1), S-1MEF (1)

• Latest filingsAnnual report (10-K) Mar 13, 2025
  Quarterly report (10-Q) Aug 7, 2025
  Proxy statement (DEF 14A) Aug 5, 2025
  Latest 8-K (8-K) Oct 21, 2025

Securities registered for trading

From the cover page of the 10-K filed Mar 13, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks Performant Healthcare Inc names in Item 1A of its 10-K filed Mar 13, 2025: 29 risks under these headings, as written.⁴

• Risks Related to Our Business
• We typically face a long period to start up a new contract which may cause us to incur expenses before we receive revenues from new clients or new contract relationships.
• Revenues generated from a limited number of our largest clients represent a substantial majority of our revenues. Any termination of or deterioration in our relationship with any of our significant clients would result in a decline in our revenues.
• Many of our contracts with our clients are not exclusive and do not commit our clients to provide specified volumes of business. In addition, the terms of these contracts may be changed unilaterally and on short notice by our clients. As a consequence, there is no assurance that we will be able to maintain our revenues and operating results.
• We face significant competition in connection with obtaining, retaining and performing under our client contracts, and an inability to compete effectively in the future could harm our relationships with our clients, which would impact our ability to maintain our revenues and operating results.
• Our ability to derive revenues under our current healthcare contracts will depend in part on the number and types of potentially improper claims that we are allowed to audit or otherwise pursue by our clients, and our results of operations may be harmed if the scope of claims that we are allowed to pursue and be compensated for is limited.
• Our indebtedness could adversely affect our business and financial condition and reduce the funds available to us for other purposes, and our failure to comply with the covenants contained in our Credit Agreement could result in an event of default that could adversely affect our results of operations.
• The U.S. federal government accounts for a significant portion of our revenues, and any loss of business from, or change in our relationship with the U.S. federal government would result in a significant decrease in our revenues and operating results.
• We may not be able to manage our potential growth effectively and our results of operations could be negatively affected.
• The growth of our healthcare business will require us to hire and retain employees with specialized skills and failure to do so could harm our ability to grow our business.
• Downturns in domestic or global economic conditions and other macroeconomic factors could harm our business and results of operations.
• We may not have sufficient cash flows from operations or availability of funds under our lending arrangements to fund our ongoing operations and our other liquidity needs, which could adversely affect our business and financial condition.

Legal proceedings

We are involved in various legal proceedings that arise from our normal business operations from time to time. The outcome of any such legal proceedings, regardless of the merits, is inherently unpredictable. Legal proceedings, including litigation, government investigations and enforcement actions, can result in significant costs and occupy significant management resources. We do not expect any such current legal proceedings to have a material adverse impact on our business or financial condition.

The opening of Item 3, Legal Proceedings.⁴