| COMPANY |
Envision Healthcare Corporation |
| COURT |
United States District Court for the Middle District of Tennessee |
| CASE NUMBER |
17-cv-01112 |
| JUDGE |
The Hon. William Lynn Campbell Jr. |
| CLASS PERIOD |
February 3, 2014 - October 31, 2017 |
| SECURITY TYPE |
Common Stock |
Case Background:
On August 4, 2017, the initial complaint in this securities class action was filed against Envision Healthcare Corporation (“Envision” or the “Company”) and certain of Envision’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. At all relevant times, EmCare Holdings, Inc. (“EmCare”) has been one of the Company’s primary operating subsidiaries. This is a federal securities class action brought on behalf of all persons who purchased or otherwise acquired the common stock of Envision between February 3, 2014 and October 31, 2017, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the class period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) EmCare routinely arranged for patients who sought treatment at in-network facilities to be treated by out-of-network physicians; (2) EmCare accordingly billed these patients at higher rates than if the patients had received treatment from in-network physicians; (3) the Company’s statements attributing EmCare’s Class Period growth to other factors were therefore false and/or misleading; (4) Envision’s EmCare revenues were likely to be unsustainable after the foregoing conduct came to light; and (5) as a result of the foregoing, Envision’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
On December 13, 2021, Lead Plaintiffs filed an Amended Complaint. On September 29, 2022, the Court issued an Order denying Defendants Motion to Dismiss. On September 22, 2023, Lead Plaintiffs filed a Motion for Preliminary Approval of Settlement.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.