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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Renal Associates Holdings Inc | NYSE:ARA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.52 | 0 | 01:00:00 |
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.
View source 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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