Tenet increases fraud settlement offer to $407 million

Tenet Healthcare has set aside $407 million to resolve federal criminal and civil fraud allegations, according to a recent SEC filing, $169 million more than its previous settlement offer.

Last year, Tenet revealed it was facing parallel criminal and civil investigations based on whistleblower claims that hospitals in Georgia and South Carolina paid local obstetric clinics to send undocumented Hispanic women to the hospital for deliveries so it could collect Medicaid reimbursement. In the most recent filing, the company noted that it "now believes that it has made significant progress toward reaching an agreement in principle on the monetary terms of a global resolution." Filing