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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Amedisys, Inc. Who Purchased Stock During o

^{Published on 2010-06-15 18:40:26 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against Amedisys, Inc. (aAmedisysa or the aCompanya) (NASDAQ:AMED) concerning possible breaches of fiduciary duty or other violations of law by the Companya™s board of directors. Amedisys provides home health and hospice services, including skilled nursing and home health aide services, physical, occupational and speech therapy, and medically oriented social work to individuals who require ongoing care.

"deliberately boosted the number of home therapy visits to trigger higher Medicare reimbursements."

The investigation concerns allegations that the Company has been taking advantage of the Medicare reimbursement system by increasing the number of in-home therapy visits, some of which were not medically necessary. On May 13, 2010, the Wall Street Journal reported that the Senate Finance Committee launched an investigation into whether Amedisys and certain other in-home therapy providers adeliberately boosted the number of home therapy visits to trigger higher Medicare reimbursements.a The committee sent letters to the chief executives of the companies requesting information about the companiesa™ therapy visits from 2006 through 2009 and their financial relationships with referring physicians.

If you purchased shares of Amedisys during or prior to 2009 and still hold those shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].