February 15, 2017: Adeptus Health’s stock has beautiful rising money flow. The stock plunged nearly -70% after the company missed the third-quarter earnings. There is also a lawsuit claiming that Adeptus Health engaged in widespread predatory billing practices and 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.
January 4, 2017: Adeptus Health rumors are circulating that the company could face fraud charges related to its stand alone ER business. Back on April 11, 2017, an Adeptus spokesperson said that stock weakness was attributed to recent changes in Florida heathcare billings law and a recent negative press report in Texas; Says a recent TV report in Texas showed one ADPT patient complain about the amount of her bill for services (dated 3/30).
Adeptus Health Stock Chart
The Finviz screener settings used to find Adeptus Health are: Sector Healthcare, P/E 1 – 5, Forward P/E 5 – 10, EPS growth this year 420% – 425%
Adeptus Health Inc. owns and operates First Choice Emergency Room in Texas and, in partnership with University of Colorado Health (UCHealth), in Colorado. Together with Dignity Health, the company also owns and operates Dignity Health Arizona General Hospital. First Choice Emergency Room (FCER.com) is the nation’s largest and oldest network of independent freestanding emergency rooms. It is revolutionizing the delivery of emergency medical services for adult and pediatric emergencies by offering patients convenient, neighborhood access to emergency medical care. First Choice Emergency Room facilities are innovative, freestanding, and fully equipped emergency rooms with a complete radiology suite of diagnostic technology (CT scanner, Ultrasound, and Digital X-ray) and on-site laboratory. All First Choice Emergency Room locations are staffed with board-certified physicians and emergency trained registered nurses. According to patient feedback collected by Press Ganey Associates Inc., First Choice Emergency Room provides the highest quality emergency medical care and received the 2014 and 2013 Press Ganey Guardian of Excellence Award for exceeding the 95th percentile in patient satisfaction nationwide. First Choice Emergency Room currently has facilities in Austin, Dallas/Fort Worth, Houston and San Antonio in Texas. In Colorado, facilities are in Colorado Springs and Denver in partnership with University of Colorado Health (UCHealth). Dignity Health Arizona General Hospital is a full service general hospital in the Phoenix area. Arizona General Hospital has inpatient rooms, state-of-the-art Operating Rooms, an Emergency Department, a high complexity laboratory, and a full radiology suite.