Showing posts with label Pete Stark. Show all posts
Showing posts with label Pete Stark. Show all posts

Friday, June 15, 2012

The Rise and Fall of Businessman Rick Scott - 2/2

Rick Scott
by Nomad

IPart One of this two-part series we took a close look at the rise of Rick Scott who, through its aggressive business tactics built the largest for-profit healthcare provider network.
Before the scandal which was to rock the company to its foundations, the corporation had grown to more than 340 hospitals, 135 surgery centers and 550 home health locations in 37 states and two foreign countries. 
And then, in a matter of months, it was out of Scott's hands.

Scott's Sudden Fall 
Scott's prestigious empire all came a-tumbling down when, on March 19, 1997, FBI agents, in conjunction with the Internal Revenue Service, the Health and Human Services (which oversees Medicare), and the Defense Department's Criminal Investigation Service raided Columbia/HCA facilities in El Paso, Texas. Eventually the seizure of documents regarding the case would expand across the country. At issue were allegations that Columbia/HCA had knowingly bilked Medicare and Medicaid.