Reimbursement cuts which can drop the value of an already fire sale price of $175M to $13M? Must be unique to MLS. No one else has heard of these massive insurance cuts yet!
If you read the press release, the cuts are "non negotiable". That sounds exclusion. The ship not only sunk, but is being parted out.
Law suit or claw back by insurance CO likely. This company has put it's business at risk in so many way by shady practices. 13.5 million may be too much.
Most likely claw back or exclusion. Lawsuit would have been known to everyone since they are public knowledge.
Thirteen million does not buy you Miraca unless there is a big nine figure side deal somewhere. It will become more transparent as time goes by. From the looks, it seems like a scheme structured to prevent the stock from taking a huge beating. What do you guys think?
Net assets: 330M Total assets: 656M Yearly revenue: 261M Sale price post consideration: 13M This has to be one of a kind deal in the laboratory transactions history. We are told "Exciting time with a bright future".
If these numbers are true, we are the biggest fools working to trust all whats going on. You are telling me a PE firm brings in all the big guns to structure a deal which is worth thirteen million and Miraca holdings agree to sell it for thirteen million? The commissions are larger than that in company sales(we all know commission). Theoretically Avista can sell furniture and get their money back in a month. Please find me a company with 250M plus yearly sales for this price.