Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of Nobilis Health Corp. (NYSEMKT:
HLTH) violated federal securities laws by issuing materially misleading
business information to the investing public. Nobilis Health Corp.,
together with its subsidiaries, acquires and manages ambulatory surgical
centers and healthcare facilities in the United States.
View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/nobilis-health-corp
Nobilis Health Corp. Announces its Financial Reports Should Not be
Relied Upon
On January 5, 2016, Nobilis announced that the previously issued
consolidated financial statements covering the company's fiscal year
ended December 31, 2014, the consolidated financial statements for the
fiscal quarters ended March 31, 2015 and June 30, 2015 (collectively,
the "Restatement Reports"), and the financial statements for the periods
covered by the Restatement Reports included in the company's
Registration Statement on Form S-1 (File No. 333-206642) that was
declared effective on October 27, 2015, require restatement and should
no longer be relied upon. Accordingly, investors should no longer rely
upon the company's previously issued financial statements for these
periods (or the financial information for comparable prior periods
contained in such financial statements), any earnings releases relating
to these periods, the auditors' reports on those financial statements,
and management's report on the effectiveness of the company's internal
control over financial reporting as of December 31, 2014.
According to the company, the financial statements for the Restatement
Reports contain errors related to accounting for warrants and options
issued in the company's private placements in 2013, 2014, and 2015, and
options granted to non-employees, and business combination accounting
with respect to the Athas and First Nobilis transactions that occurred
in December and September 2014, respectively.
Nobilis Health Corp. Shareholders Have Legal Options
Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Darnell R. Donahue at
(800) 350-6003, DDonahue@robbinsarroyo.com,
or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
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