SHAREHOLDER ALERT: Ongoing Investigation of LifeStance Health Group, Inc. by Holzer & Holzer, LLC

December 15, 2021 4:35 PM EST | Source: Holzer & Holzer LLC

Atlanta, Georgia--(Newsfile Corp. - December 15, 2021) -  Holzer & Holzer, LLC continues to investigate whether LifeStance Health Group, Inc. ("LifeStance" or the "Company") (NASDAQ: LFST) complied with federal securities laws. On August 11, 2021, LifeStance, one of the largest providers of mental healthcare in the United States, announced financial results for the second quarter, reporting a $70 million net loss. LifeStance also provided disappointing estimates for the third quarter, which was below analysts' consensus. During the earnings call, senior management reported that the Company saw increased clinician turnover, indicating that "new clinicians additions have lower productivity for the first four to six months and therefore, will not immediately offset the impact from higher turnover, a dynamic we expect to negatively impact center margin and adjusted EBITDA by approximately 7 to 9 million." On this news, the price of the Company's stock plummeted.

If you purchased LifeStance stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107767

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