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| [February 26, 2013] |
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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Accretive Health, Inc.
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 Compan'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.

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