Tenet May Face Up to $6 Billion in Liabilities
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Tenet Healthcare Corp. could face as much as $6 billion in legal liabilities to the federal government from the way it charged to treat Medicare patients with unusual costs, a shareholder group said.
The Tenet Shareholder Committee holds about 25,000 shares and is urging a change of top management.
Santa Barbara-based Tenet has drawn regulatory scrutiny over “outlier” payments that the federal health plan covering more than 40 million elderly uses to reimburse hospitals.
Tenet declined to comment.
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