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February 09, 2016 1:07 AM ET

Healthcare Providers and Services

Company Overview of Health Diagnostic Laboratory, Inc.

Company Overview

Health Diagnostic Laboratory, Inc. provides a laboratory test menu of risk factors and biomarkers for cardiovascular and related diseases. It offers blood and laboratory analysis services; provides advanced testing services; and detects and manages chronic diseases, such as diabetes mellitus, metabolic syndrome, hypertension, heart failure and stroke, cholesterol, stress, fatty liver disease, obesity, and smoking cessation diseases. It also offers clinical health consulting and advisory services that reverse and prevent disease; and reporting solutions that enable physicians to analyze their patient trends Web-based information portal. It serves patients and healthcare providers through pati...

737 North 5th Street

Suite 103

Richmond, VA 23219

United States

Founded in 2008

Phone:

804-343-2718

Fax:

804-343-2704

Key Executives for Health Diagnostic Laboratory, Inc.

President, Chief Executive Officer, Co-Founder and Director
Co-Founder, Adviser and Director
Chief Scientific Officer, Co-founder, and Director
Chief Compliance Officer and Senior Vice President
Chief Academic Officer and Member of The Medical Advisory Board
Compensation as of Fiscal Year 2015.

Health Diagnostic Laboratory, Inc. Key Developments

Credit Value Partners Provides USD 12 Million in Financing to Health Diagnostic Laboratory

Credit Value Partners, LP has closed a USD 12 million revolving DIP credit facility with Health Diagnostic Laboratory, Inc. Proceeds of the loan were used for general working capital purposes and to assist HDL in its sale process. Credit Value Partners, LP is an agent for funds and accounts under its management and a registered investment advisor specializing in corporate debt investments, specializing in High yielding and non-investment grade corporate debt.

Health Diagnostic Laboratory, Inc. Appoints Dan Dunham as Senior Vice President and Chief Compliance Officer

Health Diagnostic Laboratory, Inc. announced the appointment of Dan Dunham to the position of Senior Vice President, Chief Compliance Officer. Dunham has been serving as Interim Chief Compliance Officer since December 2014 and has now joined HDL, Inc. full-time. As Chief Compliance Officer, Dunham will report directly to the company's CEO and President, Joseph McConnell, PhD, and to the Compliance Subcommittee of HDL, Inc.'s board of directors. In addition, Dunham will chair the company's Executive Compliance Committee. As Chief Compliance Officer, Dunham will lead the company's efforts in meeting its corporate compliance obligations, working with all the company's departments in building upon a solid compliance foundation to create a first- class, robust compliance department and program. In this capacity, Dan will be responsible for the company's compliance policies, its training, auditing and monitoring programs, any compliance investigations and the Compliance Hotline, in addition to supervising day-to-day compliance operations.

Aetna Inc. Files Lawsuit Against Health Diagnostic Laboratory Inc. and Bluewave Healthcare Consultants Inc

Aetna Inc. filed a lawsuit against Health Diagnostic Laboratory Inc. and its former contract sales provider, Bluewave Healthcare Consultants Inc., accusing the companies of engaging in fraudulent billing activities. According to the suit filed April 10, the company paid illegal kickbacks to physicians so that they would order unnecessary blood tests, resulting in inflated claims being submitted to Aetna. In addition, Health Diagnostic Laboratory did not disclose patient discounts that resulted in Aetna paying more for the former's services. The suit also said that Health Diagnostic Laboratory waived patient co-payments for its blood tests for referring business to the company, which was an out-of-network provider for Aetna's policyholders. Aetna is seeking monetary damages exceeding $150,000 in the matter. Health Diagnostic Laboratory has not yet filed a response to Aetna's lawsuit in federal court.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 10, 2015
Central Medical Laboratories, LLC
Merger/Acquisition
September 4, 2015
--
Bankruptcy
June 7, 2015
--
 

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