The Securities and Exchange Commission launched formal investigations into home health agencies Amedisys, Baton Rouge, La., and Almost Family, Louisville, Ky., the companies announced. 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 health services and operations. 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.
Late News: SEC investigating Amedisys, Almost Family, companies say
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