Lafayette-based LHC Group has not been notified of any SEC investigation into its billing practices, but its stock lost 12 percent of its value Thursday on confirmation that home health competitors Amedisys and Almost Family are targets.

The SEC investigations center on potential Medicare billing fraud and come on the heels of a related investigation of all four companies by the U.S. Senate Finance Committee. That inquiry was prompted by a Wall Street Journal story suggesting home health providers intentionally increase the number of therapy visits to trigger higher reimbursements.

On Thursday, shares of LHC Group plunged $3.34, or 12 percent, to $24.41. At 11 a.m. today the stock was down to $23.70. Baton Rouge-based Amedisys closed Thursday down $4.64, almost 11 percent, to $39.34. It’s now at $35.70. Shares of Almost Family Inc. and Gentiva Health Services, which like LHC Group had not by Thursday been notified of an SEC investigation into its practices, fell similarly. 

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ABiz Stock Watch
o Home Bancorp 22.90 0.00 (0.00%)
o Frank's International 17.47 0.00 (0.00%)
o IberiaBank Corp 64.05 0.00 (0.00%)
o LHC Group 23.36 0.00 (0.00%)
o MidSouth Bancorp 18.93 0.00 (0.00%)
o Petroquest Energy 4.47 0.00 (0.00%)
o PHI Inc. 40.04 ▼0.17 (-0.42%)
o Superior Energy 25.71 0.00 (0.00%)
o Stone Energy 25.24 0.00 (0.00%)
o Facebook Inc. 80.04 0.00 (0.00%)
o Twitter Inc. 49.67 0.00 (0.00%)
o Gannett 31.24 0.00 (0.00%)

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.90 Trade time:4:00PM EDT Value change:0.00 (0.00%)

Frank's International

Company ID [NYSE:FI] Last trade:17.47 Trade time:4:03PM EDT Value change:0.00 (0.00%)

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:64.05 Trade time:4:00PM EDT Value change:0.00 (0.00%)

LHC Group

Company ID [NYSE:LHCG] Last trade:23.36 Trade time:4:00PM EDT Value change:0.00 (0.00%)

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.93 Trade time:4:01PM EDT Value change:0.00 (0.00%)

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.47 Trade time:4:03PM EDT Value change:0.00 (0.00%)

PHI Inc.

Company ID [NYSE:PHII] Last trade:40.04 Trade time:4:00PM EDT Value change:▼0.17 (-0.42%)

Superior Energy

Company ID [NYSE:SPN] Last trade:25.71 Trade time:4:03PM EDT Value change:0.00 (0.00%)

Stone Energy

Company ID [NYSE:SGY] Last trade:25.24 Trade time:4:04PM EDT Value change:0.00 (0.00%)

Facebook Inc.

Company ID [NYSE:FB] Last trade:80.04 Trade time:4:00PM EDT Value change:0.00 (0.00%)

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:49.67 Trade time:4:00PM EDT Value change:0.00 (0.00%)


Company ID [NYSE:GCI] Last trade:31.24 Trade time:4:03PM EDT Value change:0.00 (0.00%)

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