March 21, 2012
A Texas federal judge on Wednesday tossed Tenet Healthcare Corp.'s suit seeking to recover costs it incurred investigating proxy statements that revealed a Medicare billing scheme at Community Health Systems Inc. as part of its failed $4 billion takeover bid, finding Tenet lacked standing to sue under federal proxy rules.
April 28, 2011
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.
April 18, 2011
With its stock battered by rival hospital operator Tenet Healthcare Inc.'s securities fraud lawsuit accusing it of overbilling Medicare, Tennessee-based Community Health Systems Inc. said Monday it would switch to a $3.3 billion all-cash offer for its unwilling merger target.
April 11, 2011
Community Health Systems Inc.'s hostile bid for Tenet Healthcare Corp. got uglier Monday when the targeted hospital operator filed a securities fraud suit in Texas claiming its suitor routinely overbills Medicare to boost earnings.