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Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Nobilis Health Corp. to Contact Brower Piven Before the Lead Plaintiff Deadline in Class Action Lawsuit – HLTH

STEVENSON, Md., Jan. 25, 2016 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of purchasers of Nobilis Health Corp. (NYSE MKT:HLTH) (“Nobilis” or the “Company”) securities during the period between April 2, 2015 and January 6, 2016 inclusive (the “Class Period”). Investors with losses in excess of $100,000 who wish to become proactively involved in the litigation have until March 21, 2016 to seek appointment as lead plaintiff.

If you have suffered a loss from investment in securities purchased on or after April 2, 2015 and held through the revelation of negative information during and/or at the end of the Class Period, as described below, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.

If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Company securities during the Class Period. Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that Nobilis’s financial statements contained numerous errors concerning the Company’s classification of warrants and options, business combination accounting, share-based compensation, and other financial and operating results. The complaint also states that the Company had overstated its net income for the year ended December 31, 2014 by more than $4 million, and it had overstated its net income for the quarter ended March 31, 2015 by more than $3.27 million.

According to the complaint, following the October 9, 2015 Seeking Alpha article raising a number of questions regarding the Company’s accounting, the November 11, 2015 Company disclosure that a delay in issuance of a quarterly report was due to accounting issues, the January 5, 2016 Company disclosure that the Company’s financial statements for the fiscal year ended December 31, 2014, the quarters ended March 31, 2015 and June 30, 2015 and the financial statements in its updated S-1 registration statement filed with the SEC on October 23, 2015 can no longer be relied upon, and the January 7, 2016 announcement that the Company’s CEO had resigned, the value of Nobilis shares declined significantly.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

CONTACT: Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616 hoffman@browerpiven.com

Source: Brower Piven, AProfessional Corporation