Violation Tracker Individual Record

Company: 
Tenet Healthcare Corporation
Current Parent Company: 
Tenet Healthcare
Penalty: 
$10,000,000
Year: 
2007
Date: 
April 2, 2007
Primary Offense: 
investor protection violation
Secondary Offense: 
accounting fraud or deficiencies
Violation Description: 

Tenet Healthcare Corporation agreed to pay $10 million to settle allegations that it failed to disclose to investors that its strong earnings growth from 1999 to 2002 was driven largely by its exploitation of a loophole in the Medicare reimbursement system.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
healthcare services
Specific Industry of Parent: 
healthcare services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.