Amedisys disclosed the investigation in a news release and said it had received a subpoena for documents related to an inquiry by the Senate Finance Committee. In May, the committee began an inquiry into four home health agencies—Almost Family; Amedisys; Gentiva Health Services, Atlanta; and LHC Group, Lafayette, La.—after a Wall Street Journal report suggested the companies increased home health visits to increase reimbursement rates.
Amedisys said it intends to cooperate with the SEC investigation.
Almost Family said it faces a formal SEC investigation and received a civil subpoena from the SEC for documents related to its home healthcare services and operations. “We have been cooperating fully with the Senate Finance Committee, and we will do the same with the SEC,” said William Yarmuth, Almost Family's president and CEO, in a news release.
The LHC Group has not received notice of a formal SEC investigation or a subpoena, spokesman Eric Elliott said.
Gentiva said in a regulatory filing that it has not received a notice of formal investigation or a subpoena. The company is actively cooperating with the Senate inquiry, the statement said.