LHC Group’s stock tumbles on Amedisys investigation
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.
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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