Cardiff Lexington Corp (OTC: CDIX)

Cardiff Lexington Corp is a targeted healthcare holding company focused on acquiring and building middle-market niche healthcare clinics, primarily in orthopedics, spine care, and pain management. The company operates through a partnership-driven culture that emphasizes service excellence, teamwork, accountability, and performance. Cardiff Lexington Corp employs a geographic-specific acquisition strategy driven by targeted mergers and acquisitions (M&A) execution across three synergistic complementary pillars: Core Cash Flow, Asset Acquisition, and Finance. The Core Cash Flow pillar involves acquiring, optimizing, and managing physician practices to drive recurring revenue and operational efficiency. The Asset Acquisition pillar focuses on expanding the company's footprint through ownership of real estate assets such as ambulatory surgery centers and orthopedic clinics. The Finance pillar involves retaining and managing personal injury practice accounts receivable to capture long-term income rather than selling at deep discounts, strengthening sustainable profitability.

Cardiff Lexington Corp generates revenue through its healthcare business operated by Nova, which was acquired on May 31, 2021. Nova operates a group of regional primary specialty and ancillary care facilities across Florida and Georgia. These facilities provide traumatic injury victims with primary care evaluations, interventional pain management, and specialty consultation services, including EMC assessments. The company provides a full range of diagnostic and surgical services for injuries and disorders of the skeletal system and associated bones, joints, tendons, muscles, ligaments, and nerves. From sports injuries to sprains, strains, and fractures, the doctors at Nova are dedicated to helping patients return to active lifestyles. The company's revenue is primarily provided by bodily injury insurance policies, general liability policies, and personal injury protection policies, rather than directly from patients, private insurance, or Medicare/Medicaid. This partially insulates the business from the declining reimbursement programs paid from or correlated to Medicare/Medicaid and traditional health insurance companies.

• Healthcare Business: Cardiff Lexington Corp's healthcare business is operated by Nova, which provides a full range of diagnostic and surgical services for injuries and disorders of the skeletal system and associated bones, joints, tendons, muscles, ligaments, and nerves. Nova operates a group of regional primary specialty and ancillary care facilities across Florida and Georgia, catering to traumatic injury victims with primary care evaluations, interventional pain management, and specialty consultation services. The company focuses on plaintiff-related care and provides healthcare to uninsured patients, typically those involved in accidents who have filed lawsuits as plaintiffs against defendants allegedly responsible for the accident due to negligence or another tort. Nova's services include EMC assessments, orthopedic and pain procedure services such as hip and knee replacement, shoulder reconstruction, fracture care, hand surgery, and spinal surgery. The company's service model promotes referral relationships, facilitates patient access, and coordinates administration among the company as a medical provider, personal injury attorneys, and chiropractors. This approach results in increased revenue as attorneys consider the value of the patient management process when brokering settlements. Nova's main office is located at 1903 S 25th Street, Suite 103, Fort Pierce, FL 34947, and as of September 30, 2025, the company operates twelve facilities, most of which were opened in the last thirty-six months. These facilities are currently operating at 35% capacity, indicating significant opportunities for organic growth. Nova provides services to approximately 250-325 patients per month on average at these twelve facilities. Patients are primarily referred through a growing network of personal injury attorneys, insurance carriers, physical therapy providers, and chiropractic care providers.

• Real Estate Business: Cardiff Lexington Corp's real estate business is operated by Edge View, which was acquired on July 16, 2014. Edge View owns five acres zoned medium density residential (MDR) with 12 lots already platted, six acres zoned high-density residential (HDR) that can be platted in various configurations to meet current housing needs, and twelve acres zoned in Lemhi County as Agriculture that is available for further annexation into the City of Salmon for development. The property also includes a common area for landowners to view wildlife, provide access to the Salmon River, and fishing in a two-acre pond. Management does not currently have any plans to develop this property and expects to eventually sell it. Edge View has not generated any revenues to date, except in connection with the sale of three parcels of land in 2021.

Cardiff Lexington Corp operates in a highly competitive healthcare industry, facing competition from other healthcare providers, including hospitals owned by tax-supported governmental agencies or nonprofit corporations that may be supported by endowments and charitable contributions and exempt from property, sale, and income taxes. The company's competitive advantages include a broad array of services focusing on plaintiff-related care, opportunities for accelerated growth through organic growth and strategic acquisitions, a focus on clinical excellence, and the ability to attract and retain high-quality providers. The company's management team has significant executive, investment, and operational experience in managing and growing small and middle-market healthcare companies, providing a competitive advantage in evaluating businesses and acquisition opportunities. Additionally, the company's structure as an existing public company makes it an attractive business transaction partner for prospective acquisition targets, offering increased access to funding for operations or expansion and aligning management incentives with stockholder interests.

Cardiff Lexington Corp's customer base primarily consists of traumatic injury victims who are typically involved in accidents and have filed lawsuits as plaintiffs against defendants allegedly responsible for the accident due to negligence or another tort. The company provides healthcare to uninsured patients, and its services are primarily funded by bodily injury insurance policies, general liability policies, and personal injury protection policies. Patients are referred through a growing network of personal injury attorneys, insurance carriers, physical therapy providers, and chiropractic care providers.