Ammon Labs is better than ever!

Ammon labs better than ever! Coming out of our bankruptcy is just the start to showcasing our strength and devotion to accuracy and results. We care for the clients and care for honesty in this industry. We’re going to be the best in NJ. Teamwork makes dream work and all our staff are disable of making this company the best it can be! We’re back on track and we’re going to have more free lunch and breakfast days for the team. We’re going to conquer the industry again and be winning!


#TeamAmmon
#AmmonLabs
#Winning
#Keepwinning
#IYKYK

 

Petitioning to bring back frozen yogurt day, we’re back on our game and better than ever! Let’s make 2023 Ammon’s year, bringing back all the old big clinics and new clinics too. People can’t compete with our results and our team’s work!


#TeamAmmon
#AmmonLabs
#Winning
#Keepwinning
#IYKYK

 

Ammon is growing everyday again! We’re in the works with new clinics and getting in new employees. Ammon careers will be booming again and we’ll be expanding our lab services nationwide! We will be the powerhouse of the lab industry and beat our competitors like TrueTox and LabCorp.


#winnerscircle

#IYKYK

#leadership

 

Integrity puts RFP out due to Ammon Foundation investigation. Budsock not decision maker on work. Leonard cleared house of all the people taking $ from SH. They are 100% tied to Med Screen now, as is Eva's village. Ammon will be hard pressed to get old clients back. The investigations hurt their reputation even if they are clear of it now. Very tough to grow from a $3m lab to anything more than say $6m. Road will be long and difficult and not sure the Haupts have it in them to rebuild. Building is gone. Mass lab gone. Pulled out of IL, FL, NC, SC, GA. Little work in NY and long time, loyal clients stayed in NJ. With NJ Medicaid cuts it will be more difficult. Market is upside down post COVID and very few tox labs will survive.

 

Was the building finally sold? This seems to be one of the only posts that’s honest on this thread.

 

It did seem strange that “big accounts” were coming back all of a sudden to Ammon and making peace offerings with meals. If the toxicology industry is under its own scrutiny and slow down, then just like any other lab, Ammon would surely be in danger too.

This would just be the verification that employees from all talents from lab techs, finance people, and more, but even Ammon employees, are going to find themselves in a sticky situation. Nothing is fool proof.

The industry isn’t what it used to be, we know that.

 

No big accounts are coming back. Ammon is trying, but since all clients were questioned in the Ammon Foundation and NJ Medicaid Audit investigations, they are not very happy with Ammon. SH and EH are trying to get them back, but it will be a tough sell. Also building must be sold as a condition of Ammon exiting bankruptcy. Ammon is like all other labs since COVID and NJ cuts- in a slow death! spiral They may turn a profit but 20% on $3m in revenue is a lot lower than 40% on $50m in revenue. It is a bad market for all labs right now. Multiple NJ Tox labs are for sale, everyone is down about 50% in revenue and the volume has not rebounded to pre-COVID numbers. TrueTox barely hanging on (NJ revenue of about $6m with claims holdback due to NJ Comptroller Audit) , Med Screen owners want out (revenue of about $5.5m), Clarity not sure what is happening (revenue of about $4m), RDX sold to Xeron (lost NJ Medicaid, very low revenue), SDX sold to Mako (losing clients due to billing/compliance issues) and Ammon is coming out of bankruptcy (about $3m revenue). Out of state tox labs doing business in NJ are down about 50% from NJ revenue. Bio-Reference is down about 35% overall in their post-COVID revenue and are in big trouble. It is an absolute mess in NJ. If NJ is not careful, the only labs left will be L & Q. The lab industry future is not bright, especially in NJ!

 

Has the bankruptcy aspect been solved fully yet? Assumed current employees who were defending themselves on the forum kept saying either space was being rented out or the building was sold. But it was hard to catch up with the varying sentiments and exaggerations from those “happy go-lucky” posts. That’s a tough call regardless for the industry in NJ, Ammon’s situation and what’s ongoing with the industry do make things a bit worse. It’s going to be a rough call, the leadership for pulling through this is a requirement for any lab right now.

 

I just read thru the bscruptcy documents, no condition whatsoever that building needs to be sold.Somehow that became a false narrative. And with a little research, Ammon does not own building, they lease. The owning company has no stake whatsoever in bankruptcy and no conditions.

ammon is successfully thru chapter 11 and no wrong doing found in investigations. A complete pass!

with that said, the investigations completely crippled Ammon, all the subpoenas completely ruined them only to find out that there were no credible findings of wrong doing and investigation dropped.

such a shame, jealous competitors and ex employees reported false claims.
The government crippled Ammon only to screw themsekves out of any monetary compensation on wrong doing. There’s no money left for the government to claim so they dropped the investigation completely.

curuous to see if Ammon sues NJ/DOJ for complete harassment of 5 years and complete loss of business.

 

Very well written post that’s not attacking anything with malice or anger, but just expressing how things are.

But that’s a real shame for Ammon, it seems like the investigation just furthered the mess that they’re in. If clients aren’t happy with them, then that’s not great news. Nevertheless, it makes sense that no big accounts came back and it would be a struggle anyways to rebuild especially with the ongoing issues around. Best of luck to them and the labs out there.

 

The title of this forum is ironic on various levels with what’s known….

 

The investigation definitely did a number on Ammon and there’s going to be a run in trying to overcome that whole situation. There was always more to look at besides their bankruptcy. Once paper is crumbled it’s hard to smoothen out the edges to its sleek form. Same goes for the reputation aspect, just as it would with any lab who were to get into issues like such. From such a big lab in NJ to one that’s much smaller now does speak for itself.

 

Are they truly out of bankruptcy?

 

Yes. It appears so. Google Ammon Labs bancruptcy and then case number. Their attorneys have posted on their website that it was successful. Posted dockets on government site show progression and final plan approved. And no stipulation that building needs to be sold, Ammon does not own building.

 

The invesigstion all started with an “anonymous” letter sent around to all clients and to the DOJ/NJ Med claiming wrong doing. Look at past posts on this forum, ex employees and competitor openly admitted to calling the authorities. The investigation started in 2018. Clients were given subpoenas, cell phones and emails tracked, employees interviewed. 5 years later and being forced to file chapter 11, no wrong doing found. No money left fir government to seize or fine.

Ironically, the rumored ex employees that sent the letter and started their own lab have since been under the same investigation, banned from billing in NJ, severely fined and defunct. Be careful what you wish for karma really is a bitch.

 

Who owns the building? Many were under the illusion that it was owned by the Haupt family so it seems.

 

A NJ property record website shows the building is owned by “Northwood Avenue LLC”.

 

Right - not Ammon. Ammon filed for bankruptcy - not SH, EH, Northwood or any other entity. Bancruptcy and bancrupty protection only covers the entity filing, their creditors and debtors and does not affect any other entity. It does restrict any transfers between entities. No more bail outs or payouts once bankruptcy is filed.
If you look at Ammon bankruptcy court documents, SH put prob $2m of bail out money into Ammon. The court wrote that off and SH gets nothing back for. Zero reimbursement.

 

Is NorthWood Avenue LLC owned by a corporate or something?

 

https://www.bizapedia.com/nj/northwood-avenue-llc.html