Zynex fraudulently obtained millions of dollars from government and private health care payors and patients by submitting excessive and improper claims for medical devices and supplies. District of Rhode Island | Zynex, Inc. Agrees to Criminal Resolution ...
On , Zynex, Inc. and six (6) of its affiliates (collectively, the “Debtors”) filed petitions in the United States Bankruptcy Court for the Southern District of Texas seeking relief under chapter 11 of the United States Bankruptcy Code. Altivera recently acquired Zynex Medical. Altivera builds on more than 25 years of experience developing medical technologies that help patients reduce pain, restore mobility, and recover with confidence.
zynex machine, Federal investigators say Colorado-based Zynex ran a years-long scheme to oversupply medical devices and overbill patients, orchestrating the fraud that netted nearly $1 billion. Zynex’s shares previously traded on the NASDAQ exchange under the symbol “ZYXI” before trading was suspended on , and the stock was delisted on . Zynex, Inc. is a medical device manufacturer that produces and markets electrotherapy devices for use in pain management, physical rehabilitation, neurological diagnosis and cardiac monitoring. [3][4][5][6] Thomas Sandgaard founded Zynex Medical in 1996.
zynex machine, Zynex emerges from bankruptcy under new ownership after admitting to $873 million in healthcare fraud and agreeing to pay $112.5 million in penalties.
