Three days after the unexpected resignation of its president and chief executive officer, medical staffing company World Health Alternatives Inc. began an investigation into its financial statements, among other things.
The company, which has offices in Nashua, is investigating issues that include, but may not be limited to, discrepancies in the amount of the company's outstanding shares, financial statements associated with the company's preferred stock, the underpayment of more than $4 million in tax liabilities and irregular reports to the company's lenders that resulted in excess of $6.5 million.
The company is also looking into other issues concerning possible breaches of existing financing documents.
World Health Alternatives' former CEO, Richard McDonald, stepped down Aug. 16 citing family and medical reasons.
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RedNova News - Health - Medical Staffing Company Investigates Its Own Financial Statements
