Law Offices of Howard G. Smith Commences Investigation on Behalf of American Renal Associates Holdings, Inc. Investors
August 19 2016 - 11:33AM
Business Wire
Law Offices of Howard G. Smith announces an investigation
on behalf of investors of American Renal Associates Holdings, Inc.
(“American Renal” or the “Company”) (NYSE: ARA) concerning the
Company and its officers’ possible violations of federal securities
laws.
American Renal provides kidney dialysis services to patients
across the country.
According to recent news reports, and a complaint filed by
UnitedHealth Group, Inc., the Company has allegedly steered
patients away from Medicare and Medicaid programs into higher
paying Affordable Care Act programs.
And, on August 18, 2016, the Centers for Medicare and Medicaid
Services said it sent warning letters to all dialysis centers that
participate in the federal Medicare program. The agency also said
it is weighing financial penalties on providers who are found to
have directed people eligible for Medicare into Affordable Care Act
plans instead.
On this news, American Renal's share price fell sharply, nearly
17% during intraday trading on August 19, 2016.
If you purchased American Renal securities, have information or
would like to learn more about these claims, 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.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160819005483/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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