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Roy Jacobs & Associates Investigating Amedisys, Inc. for Possible Securities Law Violations ("AMED")

^{Published on 2010-07-01 11:30:35 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Roy Jacobs & Associates announces that it is investigating possible claims for the violation of the federal securities laws on behalf of purchasers of the common stock of Amedisys, Inc. (aAmedisysa or the aCompanya) (NASDAQ: AMED) during the period from February 23, 2010 through June 30, 2010. Amedisys is a provider of home health services. The investigation concerns the Companya™s possible participation in a scheme whereby it: (1) intentionally increased the number of in-home therapy visits to patients to recover bonus payments from Medicare; (2) inflated the Companya™s reported sales and earnings; (3) violated its Code of Ethical Business Conduct and compliance; and (4) lacked a basis for positive statements it made about the Companya™s prospects and growth.

For further information, please contact Roy L. Jacobs, Esq. toll-free at 1-888-884-4490 or by e-mail to [ rjacobs@jacobsclasslaw.com ].

On April 27, 2010, The Wall Street Journal (aWSJa) reported that the Company had increased the number of in-home therapy visits to trigger bonus Medicare reimbursements. On May 13, 2010, the WSJ reported that the Senate Finance Committee commenced an investigation of the billing and operating practices of the Company. On June 30, 2010, the Company announced that it received notice of a formal investigation from the Securities and Exchange Commission and received a subpoena for documents relating to matters under review by the Senate Committee. As a result of this news, shares of Amedisys fell substantially in early trading on July 1, 2010.

If you: (i) purchased Amedisys shares during the period from February 23, 2010, through June 30, 2010, and have a loss, whether or not you still hold your shares; or (ii) held Amedisys shares prior to February 23, 2010, and still hold your shares, and, in either case, you are interested in discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs will be glad to personally speak with you.