AHCO - Why AdaptHealth Stock Dropped Today
2023-08-17 19:17:27 ET
Shares of AdaptHealth (NASDAQ: AHCO) were down 13.8% on Thursday, after the home-healthcare solutions company announced its incoming CEO is being sued by his former employer.
According to a Securities and Exchange Commission filing dated Aug. 16, AdaptHealth learned that Linde (NYSE: LIN) filed a lawsuit on Aug. 14 against Crispin Teufel, who previously served as CEO of in-home respiratory care specialist Lincare Holdings. AdaptHealth announced at the end of June that it had named Teufel as its incoming CEO, with an expected start date of Sept. 1.
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Why AdaptHealth Stock Dropped Today