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Envision and EmCare: Successor Diligence After a Physician-Staffing FCA Settlement

by Noah Green CPA CFE | May 27, 2026 | Case Studies, Daily DD

What a 2017 DOJ settlement about hospital admission recommendations tells buyers about inherited billing risk, corporate integrity obligations, and bankruptcy exposure in physician-staffing platform deals. By Noah Green CPA CFE This article is for general diligence...

Steward and Cerberus: The Sale-Leaseback Cautionary Tale for Healthcare Rollup Buyers

by Noah Green CPA CFE | May 26, 2026 | Case Studies, Daily DD

When a hospital platform files for bankruptcy, the diligence failure is rarely a single bad decision. The Steward story shows how rent burden, deferred capex, monitoring gaps, and optimistic financial modeling can compound over years before the system breaks. No...

The Firm That Lost Twice, Then Made History

by Noah Green CPA CFE | May 26, 2026 | Case Studies, False Claims Act

Not legal advice; educational only. Cases are described according to their public posture; civil settlements resolve allegations without an admission of liability unless a court found otherwise, and dismissed cases are described as such. Most case studies in this...

DD Tech Lab: Screening a State’s Medicaid Market with Public Data, a CPA’s Weekend Walkthrough

by Noah Green CPA CFE | May 25, 2026 | DD Tech Lab

I am a CPA and a Certified Fraud Examiner, and most of my week is due diligence. This piece is about a weekend question I finally sat down to answer: how much can one practitioner actually learn about a state’s healthcare market using only public data and a...

Patient Care America and Riordan Lewis: When Investor Conduct Touches the Billing Mechanism

by Noah Green CPA CFE | May 24, 2026 | Case Studies, Daily DD

The Patient Care America settlement is a practical False Claims Act diligence case for PE-backed healthcare platforms: marketing economics, commission payments, and investor approvals can become central when claims are allegedly generated through kickbacks. This case...
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