Law Offices of Howard G. Smith Announces Investigation on Behalf of Long-term Shareholders of Accretive Health, Inc.

Business Wire

BENSALEM, Pa.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of shareholders of Accretive Health, Inc. (“Accretive” or the “Company”) (AH) concerning possible breaches of fiduciary duties by the Company or its fiduciaries. The investigation focuses on certain statements issued by Accretive prior to February 26, 2013 concerning the Company’s operations and financial performance.

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 withdrawal of its financial guidance for fiscal 2012 and disclosure that it was postponing the release of its 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.” Accretive also warned that, if it determined that it had incorrectly recognized revenue for its revenue cycle management agreements, the Company “may be required to restate prior-period financial statements.”

If you are a long-term shareholder of Accretive, 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.

Contact:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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