As quickly as it rose to prominence in recent years as a darling of the Richmond startup scene, it took Health Diagnostic Laboratory barely a year’s time to complete its fall from grace.
Few Richmond companies made as many headlines in 2015 as HDL. The blood testing firm began the year under the microscope of a federal kickback investigation and a multimillion-dollar lawsuit hanging over its head.
It ended the year as a shell of its former self, selling off the bulk of its assets to a Texas rival and leaving the scraps in bankruptcy.
To make sense of everything that’s happened this year in between, here’s a timeline of the HDL saga as it played out in 2015:
[timeline-express]
Looking to 2016:
HDL will likely try to exit its bankruptcy proceedings. Most of the legal fallout caused by HDL’s demise will center on Mallory, who will probably continue fighting the federal government, and the creditors’ investigation.
As quickly as it rose to prominence in recent years as a darling of the Richmond startup scene, it took Health Diagnostic Laboratory barely a year’s time to complete its fall from grace.
Few Richmond companies made as many headlines in 2015 as HDL. The blood testing firm began the year under the microscope of a federal kickback investigation and a multimillion-dollar lawsuit hanging over its head.
It ended the year as a shell of its former self, selling off the bulk of its assets to a Texas rival and leaving the scraps in bankruptcy.
To make sense of everything that’s happened this year in between, here’s a timeline of the HDL saga as it played out in 2015:
[timeline-express]
Looking to 2016:
HDL will likely try to exit its bankruptcy proceedings. Most of the legal fallout caused by HDL’s demise will center on Mallory, who will probably continue fighting the federal government, and the creditors’ investigation.