SIOUX FALLS, S.D. (AP) - A dozen South Dakota doctors have gone to court claiming they were given false information about a hospital in which they invested.
The doctors invested in Progressive Acute Care, a company that owned three hospitals in central Louisiana. PAC executives came up with a plan to buy a fourth hospital in Louisiana. The doctors say they were told a return of ten times their investment was possible.
The Argus Leader (https://argusne.ws/2lLyCFW ) reports the doctors’ lawsuit says they were given falsified revenue numbers on the fourth hospital. PAC sustained severe losses that plunged it into bankruptcy in 2016.
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Information from: Argus Leader, https://www.argusleader.com
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