Precipio Secures a short-term $500K Credit Facility [Yahoo! Finance]
Precipio, Inc. (PRPO)
US:NASDAQ Investor Relations:
precipiodx.com/investors.html
Company Research
Source: Yahoo! Finance
NEW HAVEN, Conn., May 06, 2024 (GLOBE NEWSWIRE) -- Specialty cancer diagnostics company Precipio, Inc. (NASDAQ: PRPO) , announces it has secured a short-term loan facility of $500K to deal with any delays in cash collections due to the recent cybersecurity attack on Change Healthcare , a healthcare billing company used by a significant part of the healthcare market. Many healthcare businesses, including Precipio's Diagnostic Services division, rely on Change Healthcare (CH) to submit bills and collect cash from various payors and insurance companies for the services they provide. CH experienced a widely publicized cybersecurity attack in early 2024 that impacted the daily flow of cash receipts to the company and, as discussed at the shareholders' call on April 1, 2024, has impacted its cash reserves. As mentioned on the call, payments from customers of Precipio's Products division are not processed through CH and were not impacted by the cybersecurity event. Additionally, no cybe
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News
- Precipio Secures a short-term $500K Credit FacilityGlobeNewswire
- Precipio Announces Year end 2023 Shareholder Update CallGlobeNewswire
PRPO
Sec Filings
- 5/14/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 5/1/24 - Form 8-K
- PRPO's page on the SEC website