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Robbins Arroyo LLP: Envision Healthcare Corporation (EVHC) Misled Shareholders According to a Recently Filed Class Action
[August 10, 2017]

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


Shareholder rights law firm 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.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/envision-healthcare-corporation

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, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.


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