Nutex Health (NUTX) shares were down over 10% in recent Tuesday trading after Blue Orca Capital published a report alleging that the company's share price surge was due to working with HaloMD, a firm engaged in "fraudulent practices."
Blue Orca said that Nutex shares rallied after the company began submitting most of its patient bills via an arbitration process specified in the No Surprises Act using a third-party vendor identified as Halo MD.
The investment firm, which said it has a short position in the company, said Halo MD is operated by a former Las Vegas entertainer.
Three lawsuits filed in federal court in recent weeks allege that HaloMD achieved "dramatically lucrative results" for clients such as Nutex by "engaging in a coordinated fraudulent scheme to steal millions of dollars from insurance companies on behalf of and in conjunction with its healthcare billing clients," Blue Orca said.
Nutex and HaloMD did not immediately reply to requests for comment from MT Newswires.
Price: 99.61, Change: -11.58, Percent Change: -10.41
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。