403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Blue Orca Shorts Nutex Over Ties To Alleged Insurance Fraud Scheme
(MENAFN- AsiaNet News)
Short seller Blue Orca Capital disclosed a short position in Nutex Health (NUTX) on Tuesday, alleging the healthcare provider may have benefited from a fraudulent medical billing scheme led by consulting firm HaloMD.
Nutex Health's stock plummeted more than 17% in afternoon trade.
According to Blue Orca's report, HaloMD has been named in three recently filed federal lawsuits accusing it of defrauding insurers by manipulating the No Surprises Act (NSA) arbitration process.
Although Nutex is not named in any of the lawsuits, Blue Orca claims the company's dramatic revenue growth may be linked to HaloMD's alleged tactics.
Get updates to this developing story <directly on Stocktwits.
Read also: Trump Says Powell Will Be Out Soon: 'The Job He's Done Is Just Terrible'
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment