Tuesday, April 12, 2011

Look at who is blowing the whistle--Tenet accuses rival CHS of Medicare fraud

The AP is reporting that "Tenet Healthcare has charged rival hospital operator Community Health Systems with systematically bilking Medicare, and the burgeoning legal fight sent shares of the entire sector sliding Monday.  The charges come months after Community launched a $3 billion hostile takeover bid for Tenet. The Dallas company said it uncovered overbilling by Community Health while researching the offer, which Tenet has already rejected."

Here is Tenet's federal lawsuit (filed Dallas):
Tenet Complaint April 2011

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