The suit stems from a suit filed in April by Tenet alleging Medicare overbilling to CHS resulting from improper one-day inpatient admissions at CHS facilities. Tenet claims to have discovered the alleged overbilling during CHS’ efforts to takeover Tenet, which were ultimately rejected. In May, CHS stockholders filed suit to recoup stock losses suffered as a result of alleged Medicare overpayments caused by the hospital operator.
CHS called the overbilling claims baseless.
Read the Dallas Business Journal report on Community Health Systems.
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CHS Receives SEC Subpoena
Community Health Shareholders File Suit, Seek Class Action Status
Proxy Advisor Urges CHS Shareholders to Oust Two Directors, CFO
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