CHS Rebuts Tenet Medicare Fraud Claims

Law360, New York (April 28, 2011, 6:55 PM EDT) -- Fending off a Medicare fraud suit in Texas brought by takeover target Tenet Healthcare Corp., Tennessee-based Community Health Systems Inc. sought to reassure investors by filing evidence Thursday supporting its case with the U.S. Securities and Exchange Commission.

Dallas-based Tenet recently rejected CHS' latest all-cash $3.3 billion bid to acquire the hospital operator, saying that the bid grossly undervalued Tenet. CHS' monthslong battle to acquire Tenet has battered both companies' share prices quote and spawned a suit alleging that CHS routinely overbilled Medicare to boost its...
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