UHS to pay feds $127 million in behavioral health settlement

admin

Universal Health Services announced Thursday it has agreed to settle civil complaints against its behavioral health facilities for $127 million, pending federal approval.

The King of Prussia, Pa.-based hospital chain said it reached the agreement with the U.S. Department of Justice’s Civil Division and on behalf of various states’ attorneys general. It will resolve accusations against the company’s behavioral health facilities. The agreement is still subject to requisite approvals and the execution of definitive settlement and related agreements, according to UHS.

UHS also said the DOJ’s Criminal Frauds Section has closed a separate investigation into the company’s operations.

“We are awaiting the initial draft of a potential corporate integrity agreement with the Office of Inspector General for the United States Department of Health and Human Services which we expect will be part of the overall settlement of this matter,” the company said in its second quarter 2019 earnings report.

UHS said its civil settlement is subject to the execution of a corporate integrity agreement with the OIG, and the company can’t assure the agreement will be finalized.

Story developing…

Subscribe for the latest Celebrity Gossips

Spread the love
Next Post

UHS' stock price up more than 10% after $127M DOJ settlement news

Universal Health Services’ stock price soared Friday on news that the investor-owned hospital chain had reached a preliminary $127 million civil settlement with the federal government over a false claims […]