May 4, 2005 |
Tenet Healthcare Corp., the second-largest U.S. hospital chain, said its first-quarter loss narrowed to $3 million as expenses for unpaid patient bills declined. The net loss shrank to 1 cent a share from $122 million, or 26 cents a share, a year earlier, when costs from the planned sale of unprofitable hospitals hurt results. Revenue slipped 2.9% to $2.5 billion, Dallas-based Tenet said.
April 28, 2005 |
The federal government intends to sue Tenet Healthcare Corp., its former Chief Executive Jeffrey C. Barbakow and five other former executives over the hospital chain's Medicare billing payments, the company said Wednesday. Tenet, the nation's second-largest hospital chain, abandoned its controversial billing practice in January 2003, a few months after it came to light.
March 11, 2005 |
A judge has dropped two charges in an anti-kickback case against Tenet Healthcare Corp. but kept in place 18 other counts, including conspiracy, related to an alleged scheme by its Alvarado hospital in San Diego to bribe doctors to refer patients, the company said. Prosecutors brought the case to trial last fall. After four months of testimony and deliberation, jurors could not agree on a verdict, and the judge declared a mistrial in February. A second trial is expected to begin in early May.
March 10, 2005 |
Tenet Healthcare Corp. has completed the $70-million sale of four hospitals to a Southern California investment group. The sale gives Integrated Healthcare Holdings Inc. the 280-bed Western Medical Center Santa Ana, the 188-bed Western Medical Center Anaheim, the 114-bed Chapman Medical Center in Orange and the 178-bed Coastal Communities Hospital in Santa Ana.
March 9, 2005 |
Tenet Healthcare Corp., the second-largest U.S. hospital chain and the biggest in California, said its fourth-quarter loss widened to $2.02 billion on costs including a write-down in the value of hospitals in two regions. The loss amounted to $4.33 a share, compared with a loss of $954 million, or $2.05, a year earlier, Dallas-based Tenet said. Revenue fell 2% to $2.41 billion. Tenet had $1.
March 3, 2005 |
Florida's attorney general opened a new front in Tenet Healthcare Corp.'s legal battles Wednesday, accusing the hospital chain in a lawsuit of scheming to obtain better than $1 billion in improper payments from a Medicare fund. The lawsuit, filed in federal court in Miami, alleges that the nation's second-largest hospital company inflated charges at its 15 Florida facilities from 2000 to 2003 to squeeze more money than it was due from the fund. "They filed phony bills.
February 23, 2005 |
Prosecutors said Tuesday that they would retry a unit of Tenet Healthcare Corp., the second-largest U.S. hospital chain, and its San Diego hospital on criminal charges that they paid doctors in exchange for referrals. U.S. District Judge James Lorenz in San Diego scheduled the retrial for March 29. Lorenz's order comes less than a week after he declared a mistrial after jurors couldn't reach a unanimous verdict on any of the 20 counts.
February 18, 2005 |
The trial of Tenet Healthcare Corp. on charges that doctors were bribed to refer patients to its Alvarado Hospital Medical Center in San Diego ended Thursday in a hung jury. U.S. District Judge James Lorenz declared a mistrial after jurors reported they were deadlocked following five days of deliberations. U.S. Atty. Carol C. Lam said that she remained confident in the government's case and that a retrial was likely in light of a poll that showed the jury was leaning toward conviction.
February 17, 2005 |
A U.S. judge told deadlocked jurors to resume deliberations in a criminal case against Tenet Healthcare Corp., the second-largest U.S. hospital chain, over whether a company hospital paid doctors kickbacks in exchange for referrals. U.S. District Judge James Lorenz in San Diego excused the jury's foreman because of a death in the juror's family. Lorenz then told the 11 remaining jurors, who said Monday that they were deadlocked, to resume deliberations.