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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.