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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
03/27/201517:31:02Current Report Filing (8-k)
03/27/201516:44:00DaVita HealthCare Partners Announces CFO Transition
03/25/201503:08:22The Philosopher Series, Part XIII: What Would Hobbes Invest In...
03/24/201517:30:00Law Firm Kirby McInerney LLP Investigating Potential Claims on...
03/24/201506:09:00Dr. Jennifer Bajaj Joins Paladina Health as Chief Medical Officer
03/23/201517:05:57Current Report Filing (8-k)
03/23/201506:34:00DaVita HealthCare Partners Sets Standard for Healthy Workplaces
03/13/201502:54:33InsiderInsights.com Daily Round Up 3/12/15: VMEM, TEP, NGL, RWC
03/12/201519:36:56Statement of Changes in Beneficial Ownership (4)
03/12/201519:34:11Statement of Changes in Beneficial Ownership (4)
03/11/201506:04:00DaVita Kidney Care Hosts Google+ Hangout on Air to Educate about...
03/09/201519:32:03Initial Statement of Beneficial Ownership (3)
03/06/201517:39:43Initial Statement of Beneficial Ownership (3)
03/02/201506:13:00DaVita Encourages People to Get to Know Their Kidneys During...
02/27/201506:15:00DaVita: Sometimes The Money Is Lying On The Street
02/25/201507:13:00DaVita HealthCare Partners to Work With Achievement First to...
02/24/201507:29:01Proposed Medicare Advantage payment rates could shave $100M off...
02/24/201506:15:47Current Report Filing (8-k)
02/24/201506:00:00DaVita Kidney Care Announces its First Chief Medical Officer...
02/19/201515:25:00DaVita HealthCare Partners Celebrates 10 Years Among FORTUNE...

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