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W.R. Grace spin-off of NMC will proceed as planned despite IG probe, firm says.

This article was originally published in The Gray Sheet

Executive Summary

W.R. GRACE SPIN-OFF OF NMC WILL NOT BE DELAYED BY JUSTICE/HHS IG PROBE, which National Medical Care said is exploring "possible violations of federal laws relating to health care payments and reimbursements." NMC reported Oct. 18 that it has been served five subpoenas by the HHS Inspector General. In a follow-up release Oct. 19, Grace said that it "plans to continue with its spin-off of NMC," which is still slated to occur by the end of the year.
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