Accretive health

• Accretive Health, a debt-collection company under fire from Minnesota and federal officials for aggressive tactics to squeeze money from hospital patients, is striking back at critics.
(Huffington Post)
• 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)
• Healthcare billing and collection services company Accretive Health has had a tough few weeks. In late April the state of Minnesota released a report accusing the company of aggressive collection procedures. The share price fell 42% on the news.
(Forbes)
• 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)