in

Why Outcome Health needed a half-billion dollars

Why Outcome Health needed a half-billion dollars

It turns out the company needed the money — badly.

As Shah was negotiating a deal with Goldman Sachs, Google and other investors, he was worried the company would be toppled by debt it had taken on for an acquisition, according to a voice memo played Thursday in the fraud trial of Shah, co-founder Shradha Agarwal and former chief operating officer Brad Purdy.

Shah was quizzing head of sales Ashik Desai about his forecast that showed…


Posted by Editor

Phillip Lim to Be Awarded Honorary Doctor of Fine Arts From California State University, Long Beach

Phillip Lim to Be Awarded Honorary Doctor of Fine Arts From California State University, Long Beach

Women using kettlebells to workout on orange background

No more sit ups? How functional training can help you get a stronger core