FierceHealthcareFierceHealthITFierceHealthFinanceFierceEMRHospital ImpactFierceMobileHealthcare   FiercePharma

HealthSouth settles for $445M

Tools
Tags
settle
HealthSouth
healthcare report
insurance companies

HealthSouth's huge accounting scandal has finally come to a close, as the company has agreed to pay $445 million to settle a shareholder lawsuit. HealthSouth will be responsible for $215 million in cash, stocks and warrants and insurance companies will pay the remaining part of the settlement. The $2.7 billion scandal eventually led to the conviction of 15 HealthSouth executives. Though HealthSouth will pay the hefty settlement, the company has admitted no wrongdoing.

For details on the settlement:
- see this Modern Healthcare report

Bookmark and Share
Get Your FREE FierceHealthcare Email Newsletter:
Be the first to comment

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

To combat spam, please enter the code in the image.