Investigation Overview
October 13, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Nobilis Health Corp (NYSEMKT:HLTH) shares over potential securities laws violations by Nobilis 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 Nobilis Health Corp (NYSEMKT:HLTH) concerning whether a series of statements by Nobilis Health Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Nobilis Health Corp reported that its annual Total Revenue rose from $14.38 million in 2011 to $84.03 million in 2014 and that its Net Loss of $2.17 million in 2011 turned into a Net income of $6.72 million in 2014.
Shares of Nobilis Health Corp (NYSEMKT:HLTH) grew from under $1.12 per share in August 2014 to as high as $7.20 per share in April 2015.
On October 9, 2015, a report was published on Nobilis Health Corp asserting, among other things, accounting red flags, questionable marketing practices and substantial insider sales.
Shares of Nobilis Health Corp declined to as low as $3.43 per share on October 12, 2015.
On October 13, 2015, NYSEMKT:HLTH closed at $3.92 per share.