LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Adeptus Health Inc. (“Adeptus Health” or the “Company”) (NYSE: ADPT) concerning the Company and its officers’ possible violations of federal securities laws.
On November 1, 2016, after hours, the company reported 3rd quarter earnings, and reported revenues that fell below estimates, and lowered its 2016 full year revenue guidance. Adeptus CEO Thomas Hall stated that results “were disappointing due to weaker than expected volumes in non-HOPD markets, collection issues associated with our third party billing agent and higher costs associated with the opening of three hospitals in the second half of the year, in Denver, Houston and Colorado Springs”. The company also announced that CEO Thomas Hall will retire as chairman. On this news the company shares fell thereby injuring its investors.
If you purchased Adeptus Health securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.