HCA Holdings (HCA) Lower, Says Interventional Cardiology Services Under Investigation
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Price: $38.75 -0.21%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 5.2%
Revenue Growth %: +0.4%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 5.2%
Revenue Growth %: +0.4%
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HCA Holdings (NYSE: HCA) is slightly lower Monday following second-quarter 2012 results, as the company disclosed an investigation by a U.S. agency.
According to a 10-Q filed with the U.S. SEC, HCA Holdings said: "In July 2012, the Civil Division of the U.S. Attorney’s Office in Miami requested information on reviews assessing the medical necessity of interventional cardiology services provided at any Company facility (other than peer reviews). Based upon the Company’s review to date, which is not yet complete, the Company believes that such reviews have occurred at approximately 10 of its affiliated hospitals, located primarily in Florida. At this time, we cannot predict what effect, if any, the request or any resulting claims, including any potential claims under the federal False Claims Act, other statutes, regulations or laws, could have on the Company."
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According to a 10-Q filed with the U.S. SEC, HCA Holdings said: "In July 2012, the Civil Division of the U.S. Attorney’s Office in Miami requested information on reviews assessing the medical necessity of interventional cardiology services provided at any Company facility (other than peer reviews). Based upon the Company’s review to date, which is not yet complete, the Company believes that such reviews have occurred at approximately 10 of its affiliated hospitals, located primarily in Florida. At this time, we cannot predict what effect, if any, the request or any resulting claims, including any potential claims under the federal False Claims Act, other statutes, regulations or laws, could have on the Company."
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