Investor Sues Tenet After $513M Deal In Kickback Scheme

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Law360, Los Angeles (October 7, 2016, 9:36 PM EDT) — Tenet Healthcare Corp. got hit with a putative class action Friday from a shareholder who claims the hospital system violated the Exchange Act with misleading statements in the run-up to a $513 million agreement over an investigation into kickbacks for referrals of pregnant immigrant patients.

Shareholder Nicholas Pennington says the hospital chain signed sham contracts for interpreter services that serve Hispanic women, and in exchange, from 2000 to 2013 the clinics sent pregnant customers to Tenet hospitals for deliveries that were billed to Medicaid, but it…

Source: Law360