Investigation Overview
November 30, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Adeptus Health Inc (NYSE:ADPT) shares over potential securities laws violations by Adeptus Health and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Adeptus Health Inc (NYSE:ADPT) concerning whether a series of statements by Adeptus Health Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Adeptus Health Inc reported that its annual Total Revenue rose from $102.88 million in 2013 to $209.79 million in 2014.
Shares of Adeptus Health Inc (NYSE:ADPT) grew from $31.20 per share in January 2015 to as high as $120.88 per share in August 2015.
On November 17, 2015, a report was published that called Adeptus Healths billing practices of its freestanding emergency rooms into question.
Shares of Adeptus Health Inc (NYSE:ADPT) declined to as low as $45.50 per share on November 17, 2015.