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Investigation on Behalf of Shareholders of Community Health Systems Announced |
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Written by Business Wire
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Wednesday, 13 May 2009 |
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Bensalem, Pennsylvania - Law Offices of Howard G. Smith announces that it is investigating potential claims against certain current and former officers and directors of Community Health Systems, Inc. (“CHS” or the “Company”) (NYSE:CYH) related to allegedly improper Medicare billing and reimbursement practices.
The investigation concerns the allegations in a lawsuit filed by a former CHS employee that the Company’s senior officers and directors allegedly offered certain New Mexico counties an unrestricted "donation" each year with the understanding that the money would be used toward New Mexico's Sole Community Provider Fund and Sole Community Hospital Supplemental Payments program. The "donations" were then given back to CHS' hospitals - along with a federal government match at a three-to-one rate - in violation of federal Medicaid rules. CHS has been implicated in a similar scheme at the CHS-owned Helena Regional Medical Center in Arkansas, a hospital which CHS also operates. The investigation concerns possible breaches of fiduciary duty and other potential violations of state law related to these practices.
If you currently own the common stock of Community Health Systems, Inc., and 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
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