Accretive Health plunges on allegations it broke laws
(Reuters) - Shares of Accretive Health Inc plunged as much as 29 percent after Minnesota's attorney general alleged that the collection agency had violated patient privacy and debt collection laws.
Attorney General Lori Swanson accused the company of placing debt collectors in emergency rooms and demanding payments from patients before they receive treatment.
Shares of the Chicago-based company were down 27 percent at $13.42 on Wednesday in afternoon trade on the New York Stock Exchange. They touched an 18-month low of $13.13.
(Reporting by Balaji Sridharan in Bangalore; Editing by Sriraj Kalluvila)
- U.S. diplomat travels to West Africa as Ebola quarantine moves take hold |
- U.S. nurse quarantined over Ebola criticizes her treatment |
- Iraqi security forces and Kurds gain ground against Islamic State
- Washington state teen shooter's family living in 'nightmare'
- Suspect in two California deputy deaths charged with murder, carjacking