SAN DIEGO & DALLAS--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Tenet Healthcare Corporation (NYSE: THC) violated the Anti-Kickback Statute in connection with a conspiracy to defraud the federal government. Tenet, together with its subsidiaries, primarily operates acute care hospitals and related healthcare facilities.
View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/tenet-healthcare-corporation
Tenet to Pay $513 Million Over Kickbacks
Tenet and two of its Atlanta subsidiaries recently agreed to pay $513 million to resolve claims accusing the chain of paying kickbacks to direct pregnant Medicaid patients to their hospitals. Under the pleas, the subsidiaries will forfeit $145 million, which is the amount the hospitals gained from Medicaid and Medicare funds. The hospital chain allegedly signed sham contracts for interpreter services with clinics that serve Hispanic women, and in exchange, the clinics sent pregnant customers to Tenet hospitals for deliveries that were billed to Medicaid from 2000 to 2013. The referrals caused the pregnant women to bypass other hospitals and travel farther during vulnerable times. Tenet also agreed to pay $368 million to settle alleged False Claims Act violations, with the United States receiving $244 million and the State of Georgia receiving most of the remainder.
Tenet Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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