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Khang & Khang LLP Announces Securities Class Action Lawsuit

October 31, 2016


Khang & Khang LLP announces a class action lawsuit against Adeptus Health Inc. (“Adeptus” or the “Company”). Investors who purchased or otherwise acquired shares 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”), are encouraged to contact the Firm before the December 27, 2016 lead plaintiff motion deadline.

If you purchased shares of Adeptus during the SPO or Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected]

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the Complaint, 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, 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.

If you wish to learn more about this lawsuit free of charge, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected]

This press release may constitute Attorney Advertising in some jurisdictions.

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
[email protected]

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