Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Tenet Healthcare Corporation
Current Parent Company: Tenet Healthcare
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,000,000
Year: 2007
Date: April 2, 2007
Offense Group: financial offenses
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 Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: hospitals (for-profit)
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.