AdaptHealth Says Linde Gets Restraining Order on Teufel Hiring

By Colin Kellaher

AdaptHealth's new chief executive, Crispin Teufel, won't take the reins until at least October amid efforts by his former employer to block the move.

In a filing with the U.S. Securities and Exchange Commission, AdaptHealth said a U.S. District Court issued a temporary restraining order preventing Teufel from starting his employment with the Plymouth Meeting, Pa., provider of home medical equipment, supplies and related services until Oct. 15.

Linde, Teufel's former employer, last month sued the executive and sought a court order stopping his move to AdaptHealth for an unspecified period while the industrial-gas giant seeks protection of confidential information and trade secrets.

AdaptHealth, which isn't named in the suit, said the court has also scheduled a hearing for Oct. 18.

In the meantime, AdaptHealth said Richard Barasch, who had stepped in as interim CEO on July 1 after the departure of Stephen Griggs, has agreed to remain in the post through Oct. 31.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 29, 2023 10:34 ET (14:34 GMT)

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