BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against Accretive Health, Inc. (“Accretive” or the “Company”) (NYSE:AH) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between May 9, 2012 and February 26, 2013 regarding Accretive’s business, operations and prospects were false and misleading.
Accretive provides revenue cycle management services for hospitals and healthcare providers in the United States. Specifically, the investigation relates to Accretive’s February 26, 2013 announcement that it will postpone the release of the Company’s financial results for the fourth quarter and full year 2012 because it is evaluating the timing of revenue recognition for its revenue cycle management agreements. Additionally, the Company announced that it was withdrawing the financial guidance that Accretive previously provided on November 7, 2012. On this news, shares of Accretive declined almost 20%, on heavy trading volume.
If you purchased Accretive securities between May 9, 2012 and February 26, 2013, 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 http://www.howardsmithlaw.com.