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Court overturns Fresenius' $83M Medicare fraud loss

Thu, 10/11/2012 - 4:25pm
Mass Device

A federal appeals court says there was no evidence that Fresenius submitted false claims to Medicare, overturning a $82.6 million whistleblower suit brought by former employees.

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The U.S. 6th Circuit Court of Appeals dismissed a $82.6 million judgment against Fresenius (NYSE:FMS) Medical Care Holdings, finding that the company did not violate Medicare's rules concerning dialysis claims.

Renal Care Group, which was acquired by German-owned Fresenius in 2005, was accused of improperly billing the Medicare program for home dialysis supplies and equipment between 1999 and 2005 and was ordered to pay $82.6 million in damages.

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