LHC Group says SEC investigation is complete
SEC tells LHC Group that SEC investigation is complete; no action taken
LAFAYETTE, La. (AP) -- LHC Group Inc. said Tuesday that a federal investigation into its Medicare payments is complete and the U.S. Securities and Exchange Commission does not plan to take any action against the health care company.
The company, based in Lafayette, La., provides health, hospice and other post-acute care to patients in their homes.
The SEC began looking into the company's Medicare reimbursement practices in 2010. The SEC actions followed an investigation launched by the Senate Finance Committee months prior to that, which looked into whether providers made repeated visits to patients to trigger additional government payments.
LHC Group's shares lost 13 cents to $19.35 in midday trading.
