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DaVita Agrees to $55 Million Settlement

DaVita Inc. (DVA) agreed to pay roughly $55 million in a settlement of a lawsuit filed by an individual in 2002 related to the anemia drug Epogen. The dialysis-service provider said the agreement, which also includes the payment of attorneys fees, contains no findings of wrongdoing or admission of liability by the company. "DaVita and its affiliated physicians did nothing wrong and stand by their anemia management practices," the company said. In a previous SEC filing, the company identified the individual as Ivey Woodard and said it was served with a complaint under the qui tam provisions of the federal False Claims Act. DaVita also said the government investigated allegations raised by the individual; however, it chose not to file claims against DaVita. DaVita's shares closed at $97.62 on Monday and were inactive premarket. The stock is up 29% year-to-date. Write to Saabira Chaudhuri at saabira.chaudhuri@dowjones.com

Stock News for Davita (DVA)
DateTimeHeadline
12/02/201614:28:00DaVita Launches Joint Venture with Inspira Health Network to...
11/29/201606:13:00DaVita and Rock Health Announce Partnership to Advance Innovation...
11/28/201613:35:00Humana to Add JSA Medical Group’s New Primary Care Practices D...
11/17/201608:12:00HealthCare Partners Saves $1.6 million in Anthem Blue Cross Enhanced...
11/17/201607:43:00HealthCare Partners Encourages Medicare Beneficiaries to Review...
11/14/201612:41:00DaVita Clinical Research to Present 12 Abstracts at American...
11/08/201606:13:00DaVita Supports National Diabetes Month
11/02/201617:16:46Quarterly Report (10-q)
11/02/201616:21:19Current Report Filing (8-k)
11/02/201616:01:00DaVita Inc. 3rd Quarter 2016 Results
11/01/201606:33:11Current Report Filing (8-k)
10/31/201602:22:00DaVita Announces Change for Medicaid Patients Seeking Affordable...
10/27/201606:13:00DaVita's Annual Bike Ride Raises over $1.2 Million
10/25/201606:04:00DaVita Named to Dow Jones Sustainability World Index
10/24/201614:13:00DaVita is a Clinical Leader in Government Five-Star Rating System
10/24/201611:13:00DaVita is the Clinical Leader in Government Five-Star Ratings
10/23/201614:22:00DaVita Helps Dialysis Patients Celebrate National Food Day with...
10/20/201606:09:05Current Report Filing (8-k)
10/11/201606:13:00DaVita Named to Dow Jones Sustainability World Index
10/07/201616:58:00DaVita Inc. Schedules 3rd Quarter 2016 Investor Conference Call

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