Gentiva Misled Investors On Medicare Practices: Suit

Law360, New York (September 19, 2011, 7:51 PM EDT) -- Gentiva Health Services Inc. on Wednesday was hit with a shareholder class action accusing the nation's largest home health care provider of misleading investors about its financial health as federal lawmakers and regulators scrutinize the company's Medicare reimbursement practices.

The suit, lodged by the Cement Masons and Plasterers Joint Pension Trust in New York federal court, claims that Gentiva failed to disclose that it was improperly increasing the number of in-home therapy visits to patients for the purpose of triggering higher Medicare reimbursement rates, which caused...
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