Hospital Isn't Owed $21M CMS Write-Down, 5th Circ. Says

Law360, New York (July 16, 2013, 2:36 PM EDT) -- The Fifth Circuit on Friday upheld a Centers for Medicare & Medicaid Services decision to deny a Texas hospital system a $21 million depreciation payment following the merger that created the system, ruling the tie-up was not a “bona fide sale” triggering the relevant loss adjustment provision.

A three-judge panel ruled that a district court had correctly upheld CMS' decision to deny Memorial Hermann Healthcare System's claim for a Medicare loss adjustment payment for depreciation on assets its predecessor Hermann Hospital had transferred to the merged...
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