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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
07/18/201606:13:00DaVita Joins Patients and Providers to Urge Congress to Pass...
07/13/201615:17:03Statement of Changes in Beneficial Ownership (4)
07/13/201614:59:11Initial Statement of Beneficial Ownership (3)
07/13/201614:57:02Current Report Filing (8-k)
07/13/201614:45:00DaVita Appoints Phyllis R. Yale to Board of Directors
07/13/201613:16:33Statement of Changes in Beneficial Ownership (4)
07/12/201606:12:00Top 10 U.S. Cities for Patients Traveling on Dialysis
07/05/201615:08:36Statement of Changes in Beneficial Ownership (4)
07/05/201614:47:11Statement of Changes in Beneficial Ownership (4)
07/05/201614:45:53Statement of Changes in Beneficial Ownership (4)
07/05/201614:44:59Statement of Changes in Beneficial Ownership (4)
07/05/201614:41:10Statement of Changes in Beneficial Ownership (4)
07/05/201614:40:17Statement of Changes in Beneficial Ownership (4)
07/05/201614:37:42Statement of Changes in Beneficial Ownership (4)
07/05/201614:35:58Statement of Changes in Beneficial Ownership (4)
07/05/201614:31:34Statement of Changes in Beneficial Ownership (4)
07/05/201614:29:01Statement of Changes in Beneficial Ownership (4)
07/01/201608:30:00DaVita HealthCare Partners Names Oraida Roman President of Colorado...
06/30/201606:13:00Short How-To Recipe Videos Launch for Kidney Disease and Dialysis...
06/24/201612:19:05Current Report Filing (8-k)

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