In the largest settlement of its kind, a private equity PE firm and former executives of South Bay Mental Health Center, Inc. SBMHC have agreed to pay $25 million for allegedly causing fraudulent claims to be submitted to the state’s Medicaid Program
In a Press Release issued on October 14 2021 by the Office of Massachusetts Attorney General Maura Healy, a potentially groundbreaking settlement was announced. Below is an excerpt from.
On October 14, 2021, the Massachusetts Attorney General’s Office announced a $25 million healthcare fraud settlement against a private equity firm and former executives of the firm’s.
As a generally held principle, mere investment or ownership interest in a company does not expose the investor to liability for acts undertaken by the company. However, that principle.
BOSTON (AP) A private equity firm and two former executives at a mental health provider have agreed to pay $25 million to settle a lawsuit that alleged they caused fraudulent claims to be submitted to the state's Medicaid program, the state attorney general's office said.