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HCA to Settle DoJ Criminal Charges for $95 Million WASHINGTON, D.C., Dec. 15, 2000 (SmartPros) HCA, the nation's largest hospital chain, said it expects pay about $95 million to settle criminal charges with the Department of Justice in the investigation into a massive Medicare fraud by the Nashville-based company, formerly known as Columbia/HCA Healthcare Corp. HCA said Thursday that the agreement is subject to a number of conditions. The settlement is expected to involve a guilty plea by the company, as well as fines and penalties, The Wall Street Journal reported Thursday. HCA has been the subject of the largest fraud inquiry ever launched by the Justice Department. The investigation dates back to 1997. Last week, the Justice Department joined in a whistle blower lawsuit against Big Five firm KPMG brought by former Columbia employee John Schilling. The suit, which was an outgrowth of the criminal investigation of the Columbia/HCA Healthcare Corp., alleges that KPMG assisted in Columbia's scheme to defraud Medicare by filing false expense claims. In May, HCA said it reached a $745 million agreement with the DoJ to settle civil charges against the firm, contingent on the resolution of all criminal charges against the company by Dec. 31. -- SmartPros News Staff Send comments to information@smartpros.com. 2000, Smartpros Ltd. All Rights Reserved. |
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