Friday, May 11, 2012

Accretive health

  • The embattled Chicago firm that was the subject last month of a scathing report by Minnesotas attorney general has issued its own report designed to set the record straight, the company said on Friday, May 11.
  • (Pioneer Press)
  • Shares of Accretive Health Inc. plunged Wednesday, after the Minnesota attorney general reported that the Chicago company advised a Minnesota hospital to use high-pressure tactics to collect money from some patients before administering care.
  • (Yahoo Finance)
  • Accretive Health expects to provide Sen. Al Franken with a report Friday that addresses issues raised in an April investigation by Minnesota Attorney General Lori Swanson.
  • (Pioneer Press)
  • * Sees 2012 adj EPS $0.42-$0.50 vs est $0.61/shr * Sees revenue of $960-$992 mln vs est $1.
  • (Reuters)
  • Net services revenue for the first quarter increased 55% to $253.7 million from $163.7 million in the first quarter of 2011. Net income for the first quarter was $1.5 million, compared with $0.2 million in the first quarter of 2011.
  • (4-traders (press release))
  • ST. PAUL, Minn. — Chicago Mayor Rahm Emanuel is asking Minnesota Attorney General Lori Swanson to resume talks with Accretive Health.
  • (Marketplace.publicradio.org)
  • Morgan Morgan announces that a class action lawsuit (case no. 12-cv-3102) has been filed in the United States District Court for the Northern District of Illinois on behalf of investors of Accretive Health, Inc. ("Accretive Health" or the "Company").
  • (YAHOO!)
  • The Chicago-based company says last weeks report by the Minnesota Attorney General did harm, and that the company will seek legal remedies.
  • (News-Medical.Net)

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