AnTix Holdings, Inc.
AnTix Holdings, Inc. is a U.S.-based shell-like operating company that has shifted through several business models, including adult day care services and, more recently, ticketing software and AI-related assets. The company was originally formed in 2005 and later acquired SarahCare, an adult day care franchisor/provider operating in 13 states, but it sold those subsidiaries in June 2025. It is now focused on building a ticketing technology business around the Ticketbash assets, including source code and related technical specifications for AI and robotic process automation in ticketing. The company also references an exclusive license agreement with Oral Thrush and has indicated interest in healthcare-related technology, but its current disclosed operating footprint remains limited and early-stage.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueSoftware, source code, and AI-enabled tools for event ticketing and secondary-market transaction handling.
Senior daytime care, activities, meals, and support services previously provided through SarahCare.
Franchise royalties, reimbursements, and participant-fee revenue from the legacy SarahCare model.
Customers
The company’s current target customers appear to be event organizers, ticketing intermediaries, and participants in the secondary ticket market that need software to manage sales, inventory, and fraud controls. Its disclosed product description also suggests value for concerts, sports, theater, and conference organizers that want more transparent ticket distribution and better fan data. Historically, SarahCare served seniors and their families through adult day care centers, with payments coming from participants and third-party payors such as Medicaid and Veterans Affairs. That legacy customer base has been exited, so the company’s near-term commercial focus is now on ticketing and related software buyers rather than healthcare service consumers.
Buy ticketing software and related tools to manage sales, reduce fraud, and improve attendee experience.
Use AI-enabled tools to improve transaction security and reduce inefficiencies in resale workflows.
Need scalable ticketing infrastructure for concerts, sports, theater, and large events.
Previously purchased adult day care services and related support through SarahCare locations.
Historically reimbursed certain participant services under the legacy healthcare model.
Strategy
Management’s stated direction is to rebuild the company around ticketing technology and related software assets after exiting the SarahCare healthcare business. The Ticketbash acquisition indicates a strategy centered on proprietary source code, AI, and automation capabilities that can be used to differentiate the platform in a fragmented ticketing market. The company also says it is evaluating new software and medical device technology, suggesting it may continue to test adjacent opportunities rather than remain narrowly focused. Near term, the most important strategic issue is financing, because the company has disclosed that it does not have sufficient cash to operate for the next twelve months and will need debt or equity funding to execute its plan.
The company needs a viable operating business after selling SarahCare, so monetizing the ticketing assets is central to future revenue generation.
Management disclosed substantial doubt about going concern, making external capital necessary to fund operations and product development.
The ticketing market is fragmented and competitive, so proprietary automation and security features are needed to compete against larger platforms.
Geography
The company’s legacy operating base was in the United States, where SarahCare ran multiple adult day care locations across 13 states. The disclosed ticketing opportunity is also framed around North America, with the company noting that the region has had the highest share of ticket sales since 2021 due to higher income levels and internet penetration in the U.S. and Canada. No authoritative country-by-country revenue split was disclosed in the provided excerpts, so the geographic profile is best understood as U.S.-centered with North American commercial ambitions. Because the company has sold its healthcare subsidiaries and is still building its new ticketing platform, its geographic exposure is more about market access and customer adoption than manufacturing or physical distribution.
Risks
The company faces significant going-concern and financing risk because management stated it does not have sufficient cash to operate for the next twelve months and may be unable to raise capital on acceptable terms. Its current business model is also highly exposed to execution risk, since the company is trying to commercialize newly acquired ticketing assets after exiting its legacy healthcare operations. The ticketing industry is competitive and fragmented, with larger platforms and niche wholesalers potentially having better capital, brand recognition, and contractual access to inventory. In addition, the company’s legacy healthcare revenue depended on participant fees and third-party payors, while the new model depends on adoption of software and technology products that have not yet been proven at scale.
Management disclosed that current cash is insufficient to operate for the next twelve months and that future financing may not be available.
Exposure: Corporate funding and operations
The company sold its legacy healthcare subsidiaries and is now attempting to build a ticketing software business, which creates execution uncertainty.
Exposure: Strategic transformation
The market is fragmented and includes large, well-capitalized competitors with stronger distribution and contractual relationships.
Exposure: Ticketing software and secondary market
Ticketing and resale businesses can be affected by consumer protection, pricing, and marketplace regulations.
Exposure: Ticketbash platform
Accounting
Judgemental itemsLegacy participant fees were recognized over time, while franchise fees and future software contracts may follow different performance obligations and timing.
Impact: Affects reported revenue timing and comparability across business models
SarahCare was sold in 2025, so its results and gain on disposition must be separated from continuing operations.
Impact: Can materially distort operating trend analysis if not adjusted
Embedded conversion options are marked to fair value each reporting period, creating non-cash gains or losses.
Impact: Introduces earnings volatility and valuation judgment
Management disclosed substantial doubt about continuing operations, which affects asset realization assumptions and disclosure quality.
Impact: Important for liquidity and solvency analysis
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Last updated: 11/08/2026