Seeking Alpha: Zynex: Letter Indicates UnitedHealthcare Is Terminating Contract - An Undisclosed Loss Accounting For 50%+ EBITDA We uncover strong evidence that UnitedHealthcare is removing Zynex from its network effective February 15, a seemingly material event undisclosed to investors. Zynex will lose its largest payor and ... Zynex: Letter Indicates UnitedHealthcare Is Terminating Contract - An Undisclosed Loss Accounting For 50%+ EBITDA On , Zynex, Inc.
and six (6) of its affiliates (collectively, the “Debtors”) filed petitions in the United States Bankruptcy Court for the Southern District of Texas seeking relief under chapter 11 of the United States Bankruptcy Code. Zynex fraudulently obtained millions of dollars from government and private health care payors and patients by submitting excessive and improper claims for medical devices and supplies. Altivera recently acquired Zynex Medical. Altivera builds on more than 25 years of experience developing medical technologies that help patients reduce pain, restore mobility, and recover with confidence.
zynex ifc unit, Federal investigators say Colorado-based Zynex ran a years-long scheme to oversupply medical devices and overbill patients, orchestrating the fraud that netted nearly $1 billion. Zynex, Inc., today announced that it has resolved the federal government's investigation into business practices designed and implemented by the company's former executives.
