T. Rowe Price, Sterling Partners funds lose millions as Texas company's stock plunges

Texas-based Adeptus Health Inc., which has large investments from Sterling Partners and T. Rowe Price Group Inc., saw its stock price plunge 68 percent in trading Wednesday after an $11.7 million third-quarter loss and questions over its liquidity. Funds associated with private equity firm Sterling Partners as of June held a 23 percent stake in the company. Meanwhile, T. Rowe (NASDAQ: TROW) mutual funds owned a 10.4 percent stake, as of late May, making the two the largest shareholders in the firm. Adeptus…

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