Tenet Healthcare to Pay More Than $513 Million Over Fraud Scheme

From Reuters

U.S. hospital chain Tenet Healthcare Corp and two of its Atlanta-area units will pay more than $513 million to resolve criminal charges and civil claims relating to a scheme to defraud the United States and pay kickbacks in exchange for patient referrals, the Justice Department said on Monday.

Tenet had disclosed in August that it had reached an agreement in principle on the matter. Tenet shares fell 5 percent, or $1.26, to $21.40 in Monday trading.

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