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Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Accretive Health, Inc.

  Law Offices of Howard G. Smith Announces Investigation on Behalf of
  Investors of Accretive Health, Inc.

Business Wire

BENSALEM, Pa. -- April 28, 2012

Law Offices of Howard G. Smith announces that it is investigating potential
claims on behalf of investors of Accretive Health, Inc. (“Accretive Health” or
the “Company”) (NYSE:AH) concerning possible violations of federal securities
laws. The investigation focuses on allegations that certain statements issued
by Accretive Health between March 2, 2011 and April 24, 2012 regarding the
Company’s business and operations were false and misleading.

Accretive Health provides revenue cycle management services for hospitals and
healthcare providers in the United States, including integrated revenue cycle
management services, quality and total cost-of-care services and physician
advisory services. The investigation concerns a lawsuit filed in United States
District Court by the Minnesota Attorney General alleging that Accretive
Health violated state and federal health privacy laws, state debt collection
laws, and state consumer protection laws. Among other things, the lawsuit
alleges that Accretive Health gained access to sensitive patient data through
contracts with two Minnesota hospital systems and numerically scored patients’
risk of hospitalization and medical complexity, graded their “frailty,”
compiled per-patient profit and loss reports, and identified patients deemed
to be “outliers.” According to a press release issued by the Minnesota
Attorney General announcing the lawsuit, Accretive Health “found a way to
essentially monetize portions of the revenue and health care delivery systems
of some nonprofit hospitals for Wall Street investors, without the knowledge
or consent of patients who have the right to know how their information is
being used and to have it kept confidential.”

If you purchased Accretive Health securities during the foregoing period, 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
www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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