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In Brief: LabCorp settlement:

This article was originally published in The Gray Sheet

Executive Summary

LabCorp settlement: Laboratory Corporation of America agrees to pay $187 mil. to the U.S. government to settle allegations of billing improprieties by its predecessor companies, National Health Laboratories, Roche Biomedical Laboratories and Allied Clinical Laboratories. The labs, which merged to form LabCorp in 1995, have been under federal investigation since 1993 for allegedly billing unnecessary tests as part of chemistry profiles. The settlement includes a $5 mil. payment to settle criminal charges against a San Diego lab sold by Allied in 1992 but indemnified by LabCorp, as well as a $182 mil. payment to settle civil claims involving Medicare and related government billings...

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