Tenet Healthcare Corp.

Dallas, TX: (Apr-02-07) Tenet Healthcare faced a lawsuit filed against it by the US Securities and Exchange Commission, accusing it of fraudulently inflating Medicare payments. The lawsuit was filed in US District Court in Los Angeles and claimed Tenet Healthcare purposely inflated Medicare payments to hospitals to cover the sickest Medicare patients. The lawsuit alleged violations of certain anti-fraud and disclosure provisions of US securities laws. Though not admitting or denying any wrongdoing, Tenet Healthcare reached a settlement with the SEC agreeing to pay $10 million to settle claims. [MEMPHIS BUSINESS JOURNAL: TENET MEDICARE FRAUD]

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Published on Apr-5-07