Tag: medicaid fraud

October 26, 2015 Intelligence: Late Breaking Lab News

Intelligence Late & Latent News

Describing “nutritional chemistry and food safety as an exciting growth opportunity,” CEO David King of Laboratory Corporation of America announced his company’s recent acquisition of International Food Network and The National Food Laboratory. Terms of the deal were not announced. Some analysts considered this to be a small diversification play by LabCorp as a response to

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Medicaid Suits in Two States Accuse Quest, LabCorp of Fraud

RECENTLY TWO WHISTLEBLOWER LAWSUITS, each alleging Medicaid fraud by Quest Diagnostics Incorporated and Laboratory Corporation of America, have become public knowledge. One case is in Virginia and the other case is in Georgia.

Both lawsuits were filed by Hunter Laboratories, LLC, of Campbell, California, and its CEO Chris Riedel. Both lawsuits involve charges of alleged fraud

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Mass. AG Coakley Cites Two Labs in 48-Count Medicaid Kickback Case

MASSACHUSETTS ATTORNEY GENERAL Martha Coakley has cited two lab companies in a case involving kickbacks related to drugs of abuse testing.

Coakley’s office made the announcement on March 8. Coakley alleges that fees were collected from patients illegally and that prescriptions for medications were illegally issued to patients diagnosed with opiate addiction.
Four Defendants Indicted
Earlier this month,

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Ampersand Buys Calloway Labs, Enters Pain Management Market

URINE DRUG TESTING for pain management may be a challenging business for clinical labs given that compliance officers in the states and in the federal government have successfully pursued lab compliance abuses in this line of business in recent years.

Now comes news that private equity firm Ampersand Capital Partners of Wellesley, Massachusetts, is to acquire

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In Massachusetts, AG Targets Drug Testing Labs

CEO SUMMARY: Since taking office in 2007, Massachusetts Attorney General Martha Coakley has aggressively pursued civil charges against drug testing labs. Last month, Coakley announced a criminal arrest in one ongoing investigation after a grand jury indicted a physician in a kickback scheme involving lab testing. In four years, Coakley has reached settlements with four

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