Excerpt from Herb Greenberg's thestreet.com column re:EQMD:
Is there a doctor in the house? Last April this column mentioned that EquiMed (EQMDE:Nasdaq) was late in filing its 10-K. At the time, George, our Securities and Exchange Commission snoop, quipped: The tardiness is "ironic for two reasons. First, one of the businesses they are in is providing bookkeeping services to medical practices. You'd figure they would have their own books in order, wouldn't ya? Second, some of the overseas operations they acquired last year (which appear to be part of the reason for the late filing) were purchased from the EquiMed Chairman Doug Colkitt. For what it's worth, EquiMed spent something like $15 million buying private businesses from Colkitt last year."
One of those companies was Anesthesia Solutions.
Fast forward to late last Friday: flash, from PRNewswire: "EquiMed announced today that its wholly owned subsidiary, Anesthesia Solutions Inc. [surprise, surprise], filed a voluntary petition for reorganization in U.S. Bankruptcy Court, Harrisburg, Pa."
Interestingly, EquiMed never filed any documents with the detailed financials of ASI. "Guess we now know why," George says.
Try telling that to anybody who bought EquiMed's stock. Calling Dr. Kevorkian. |
