Law Offices of Howard G. Smith announces that it is investigating potential claims against Community Health Systems, Inc. (“CYH” or the “Company”) (NYSE:CYH) concerning possible breaches of fiduciary duties by the Company or its fiduciaries. CYH provides healthcare services through the operation of hospitals in the United States.
The investigation concerns allegations that the Company misrepresented its compliance with Medicare regulations and, as a result, publicly reported revenues, profits, and earnings growth that were artificially inflated. On April 11, 2011, Tenet Health Corporation (“Tenet”) filed a Form 8-K report with the Securities Exchange Commission that disclosed the results of Tenet’s own investigation into CYH’s admission practices. According to Tenet, CYH had been improperly admitting patients for at least ten years on an inpatient basis, when such patients actually should have been admitted on an outpatient observation basis, resulting in higher payments to CYH than it was entitled to receive from the Medicare agency.
If you purchased CYH stock and still hold those shares, 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.