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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
05/28/201506:03:00DaVita Clinical Research Expands Nephrology Clinical Trial Capabilities...
05/27/201506:11:00DaVita HealthCare Partners Recognizes Military Appreciation Month
05/26/201506:24:00DaVita HealthCare Partners Certified as Freedom-Centered Workplace...
05/24/201511:01:02Warren Buffett's Portfolio: 3 Biotech Stocks the Oracle of Omaha...
05/22/201517:01:53Statement of Changes in Beneficial Ownership (4)
05/21/201506:13:00Healthy Eating for People with Kidney Disease on Memorial Day
05/20/201512:15:10What Is the S&P 500 Index?
05/18/201514:44:00DaVita HealthCare Partners Announces New Home for HealthCare...
05/14/201506:13:00DaVita HealthCare Partners Concludes 16th Villagewide for 3,500...
05/13/201506:13:00Bridge of Life Launches New Missions in Telehealth, Hand Hygiene...
05/12/201506:14:00DaVita HealthCare Partners Celebrates International Nurses Day
05/08/201517:29:01Amended Quarterly Report (10-q/a)
05/08/201512:48:00George Hong, M.D., Returns to HealthCare Partners
05/08/201512:47:00Paul Lim, M.D., Joins HealthCare Partners' National Clinical...
05/07/201506:13:00Employee Health Month Honors Commitment to Healthy Living
05/06/201506:13:00DaVita HealthCare Partners Promotes Ethics in Nursing during...
05/05/201509:08:20Quarterly Report (10-q)
05/05/201501:15:00DaVita HealthCare Partners Inc. Dial-in Number Change for Capital...
05/04/201517:25:03Current Report Filing (8-k)
05/04/201517:08:00DaVita Kidney Care Announcement Regarding Atlanta Lawsuit

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