Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Gentiva Health Services, Inc.
Law Offices of Howard G. Smith announces that it is investigating potential claims against Gentiva Health Services, Inc. ("Gentiva” or the "Company”) (NASDAQ:GTIV) concerning possible breaches of fiduciary duty or other violations of law by the Company’s board of directors. Gentiva provides home health services in the United States, including skilled nursing and therapy services, paraprofessional nursing services, and homemaker services primarily to adult and elderly patients through licensed and Medicare-certified agencies.
The investigation concerns allegations that the Company has been taking advantage of the Medicare reimbursement system by increasing the number of in-home therapy visits, some of which were not medically necessary. On May 13, 2010, The Wall Street Journal reported that the Senate Finance Committee launched an investigation into whether Gentiva and certain other in-home therapy providers "deliberately boosted the number of home therapy visits to trigger higher Medicare reimbursements.” The committee sent letters to the chief executives of the companies requesting certain information about the companies’ therapy visits and their financial relationships with referring physicians. On July 13, 2010 Gentiva disclosed that the Securities and Exchange Commission requested that the Company preserve all documents since January 1, 2000, related to the Company’s participation in the Medicare Home Health Prospective Payment System.
If you purchased shares of Gentiva and still hold those shares, 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.
