Here's an excerpt from the full story by Broward Bulldog.
The two top executives of a state vendor who negotiated a $1.2 billion contract with the Florida Department of Corrections to provide medical care for thousands of state prisoners were abruptly dismissed on Wednesday.
Tennessee-based Corizon, operating subsidiary of Valitas Health Services, declined to discuss the reason for the departures of Chief Executive Officer Rich Hallworth and President Stuart Campbell.
The move, however, followed a Sept. 23 announcement by Moody’s Investors Service that it had downgraded approximately $360 million in Valitas’s corporate debt securities - changing the company’s rating outlook from stable to negative and increasing the likelihood of default.
Last week, BrowardBulldog.org reported that Corizon, which began work in August at 41 state correctional facilities in North and Central Florida, was sued 660 times for malpractice across the country in the last five years. Nearly half of those cases remain open. Of those that are closed, 91 – one in four – ended with confidential settlements.