AdaptHealth Corp.’s Board of Directors’ Statement on Co-Chief Executive Officer Luke McGee
April 13 2021 - 9:48AM
Business Wire
The Board of Directors of AdaptHealth Corp. (NASDAQ: AHCO)
(“AdaptHealth” or the “Company”) today issued the following
statement:
AdaptHealth Corp. has learned that authorities in Denmark have
formally charged Co-Chief Executive Officer Luke McGee with alleged
tax fraud arising from certain past private activity. The alleged
personal conduct occurred between March 2014 and August 2015 and
had no connection to AdaptHealth’s business.
AdaptHealth has placed Mr. McGee on unpaid leave from his roles
as Co-CEO and a Director of the Company while this matter is
pending.
The Board of Directors of AdaptHealth takes this matter very
seriously and is monitoring the situation closely in consultation
with its legal advisors. The Board has full confidence in the
Company’s management team, led by current Co-CEO Steve Griggs and
President Josh Parnes, and in its ability to ensure that
AdaptHealth’s business remains strong and to maintain the Company’s
growth trajectory.
About AdaptHealth Corp.
AdaptHealth is a leading provider of home healthcare equipment,
medical supplies to the home and related services in the United
States. AdaptHealth provides a full suite of medical products and
solutions designed to help patients manage chronic conditions in
the home, adapt to life and thrive. Product and services offerings
include (i) sleep therapy equipment, supplies and related services
(including CPAP and bi PAP services) to individuals suffering from
obstructive sleep apnea, (ii) medical devices and supplies to
patients for the treatment of diabetes (including continuous
glucose monitors and insulin pumps), (iii) home medical equipment
(HME) to patients discharged from acute care and other facilities,
(iv) oxygen and related chronic therapy services in the home, and
(v) other HME medical devices and supplies on behalf of chronically
ill patients with wound care, urological, incontinence, ostomy and
nutritional supply needs. The Company is proud to partner with an
extensive and highly diversified network of referral sources,
including acute care hospitals, sleep labs, pulmonologists, skilled
nursing facilities, and clinics. AdaptHealth services beneficiaries
of Medicare, Medicaid and commercial insurance payors. AdaptHealth
services approximately 1.8 million patients annually in all 50
states through its network of 269 locations in 41 states. Learn
more at www.adapthealth.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210413005772/en/
AdaptHealth Corp. Jason Clemens, CFA Chief Financial
Officer (484) 301-6599 jclemens@adapthealth.com
Brittany Lett Vice President, Marketing (909) 915-4983
blett@adapthealth.com
The Equity Group Inc. Devin Sullivan Senior Vice
President (212) 836-9608 dsullivan@equityny.com
Kalle Ahl, CFA Vice President (212) 836-9614
kahl@equityny.com
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