Item 8.01 Other Events.
On
As previously disclosed, the Company has been the subject of an ongoing claims audit by an insurance company that is the Company's largest third-party payor. The Company has been informed by the insurance company that the DOJ is now the principal contact related to the subject matter of the audit.
In light of this information, the Company is withdrawing its financial guidance
for the fiscal year ending
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All statements
other than statements of historical fact contained in this report are
forward-looking statements, including statements regarding the Company's
cooperation with the DOJ investigation and the objective of validating the
process to support any future claims that the Company may submit for
reimbursement. Forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties and assumptions that could
cause actual results and events to differ materially from those anticipated,
including, but not limited to, risks, uncertainties and assumptions related to:
the outcomes of the DOJ investigation and third-party payor audits; potential
related penalties, fines and criminal actions that may ensue as a result of the
DOJ investigation, the third-party payor audits and/or any other action that may
arise therefrom; recoupments of previous claims paid as a result of the DOJ
investigation, the third-party payor audits and/or any other action that may
arise therefrom; the impact of the DOJ investigation and third-party payor
audits on the Company's business and results of operations; the Company's
expectations concerning additional orders by existing customers; the Company's
expectations regarding the potential market size and size of the potential
consumer populations for its products and any future products, including the
Company's ability to maintain or increase insurance coverage of
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