An investigation for investors in Nobilis Health Corp. (OTC: HLTH) shares over potential securities laws violations by Nobilis Health Corp. was announced.
San Diego, CA -- (SBWIRE) -- 12/10/2018 -- Nobilis Health Corp is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Nobilis Health Corp. (OTC: HLTH), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Nobilis Health Corp. (OTC: 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.
Houston, TX based Nobilis Health Corp. owns and manages ambulatory surgical centers (ASCs), and acute-care and surgical hospitals in the United States. It operates through two segments, Medical Services and Marketing. Nobilis Health Corp. reported that its annual Total Revenue rose from $286.12 million in 2016 to $297.31 million in 0217 and that its Net Income declined from $6.44 million in 2016 to $3.79 million in 2017.
On November 9, 2018, Nobilis Health Corp announced that it is "re-evaluating the Net Realizable Value on its Accounts Receivable and intends to make a significant adjustment to the carrying value of accounts receivable, primarily on out of network claims greater than 365 days old." Nobilis Health Corp filed for additional time to file its 10-Q for the period ended September 30, 2018 while the Company and the auditor completed their review of the financial statements.
Shares of Nobilis Health Corp. (OTC: HLTH) declined to as low as $0.35 per share on December 3, 2018.
Those who purchased shares of Nobilis Health Corp. (OTC: HLTH) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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