EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Adeptus Health Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 22, 2016 / Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against Adeptus Health Inc. (“Adeptus Health” or the “Company”) (NYSE: ADPT) on behalf of purchasers of Adeptus Health securities pursuant and/or traceable to the Company’s secondary public offering (the “SPO”) on or about July 31, 2015, or purchasers of common shares between April 23, 2015 and November 16, 2015, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the SPO or the Class Period, are encouraged to contact the firm prior to the December 27, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that through the Class Period, Adeptus Health made material false and/or misleading information and/or failed to disclose: that the Company engaged in widespread predatory billing practices, particularly with respect to lower acuity level patients; that Adeptus Health’s predatory billing practices subjected the Company to numerous known but undisclosed risks, such as financial risks, reputational risks, risks associated with improper financial reporting, civil or criminal sanctions, and even exclusion from federal and state healthcare programs; that the Company’s financial statements were not prepared in conformity with Generally Accepted Accounting Principles; that contrary to the Company’s representations about its practice of referring lower acuity patients to urgent care facilities, Adeptus Health routinely treated lower acuity patients and excessively billed them for services; and that as a result of the above, Adeptus Health lacked a reasonable basis for its statements about its business and future financial prospects at all relevant times.
On November 17, 2015, KUSA, an NBC-affiliated television station located in Denver, Colorado, aired an investigative report about the predatory billing practices at Adeptus Health’s Colorado First Choice emergency rooms. When this information went public, the stock price of Adeptus Health fell, causing investors harm.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 449609