Envision Healthcare Corporation

Robbins Arroyo LLP: Envision Healthcare Corporation (EVHC) Misled Shareholders According to a Recently Filed Class Action

Robbins Arroyo LLP announces that a class action complaint was filed against Envision Healthcare Corporation (NYSE: EVHC) in the U.S. District Court for the Middle District of Tennessee, Nashville Division. The complaint is brought on behalf of all purchasers of Envision securities between March 2, 2015 and July 21, 2017, for alleged violations of the Securities Exchange Act of 1934 by Envision’s officers and directors. Envision, through its subsidiaries, provides various healthcare services in the United States. EmCare Holdings, Inc. (“EmCare”) has been one of the company’s primary operating subsidiaries.

Envision Accused of Engaging in Unfair Billing Practices

According to the complaint, Envision touted EmCare’s capabilities in its public filings, stating, “We believe that EmCare is well-positioned to continue to generate significant organic growth due to its integrated service offerings, differentiated, data-driven processes to recruit and retain physicians, scalable technology and sophisticated risk management programs.” Envision failed to mention, however, that EmCare routinely arranged for patients who sought treatment at in-network facilities to be treated by out-of-network physicians and accordingly billed these patients at higher rates than if the patients had been treated by in-network physicians. On July 24, 2017, The New York Times reported that hospitals associated with EmCare were disproportionately likely to engage in “surprise billing” in which patients who go to in-network hospitals are treated by out-of-network doctors and subsequently billed at higher rates. On this news, Envision’s stock fell $2.33 per share, or 3.72%, to close at $60.28 per share on July 24, 2017.

Envision Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, or you can complete the form below and we will contact you directly.

 

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