DALLAS (AFX) - Hospice care provider Odyssey Healthcare Inc. said Tuesday it has reached final agreements on its $13 million settlement to resolve probes by the Justice Department and other federal authorities.
The Justice Department, Health and Human Services Department and Office of the Inspector General investigated the company's patient certification, patient referral and coordination of benefits practices.
Odyssey agreed to pay $13 million, without acknowledging any wrongdoing. The company recorded the $13 million charge in the fourth quarter of 2005.
The company operates 82 hospice practices in 30 states. Shares of Odyssey Healthcare dipped 1 cent to close at $17.31 on the Nasdaq.
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