DaVita To Pay Over $34M To Settle Illegal Kickback Allegations
Portfolio Pulse from Benzinga Newsdesk
DaVita Inc. has agreed to pay over $34 million to settle allegations of illegal kickbacks, according to the Department of Justice (DOJ).
July 18, 2024 | 6:42 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
DaVita Inc. has agreed to pay over $34 million to settle allegations of illegal kickbacks, which could negatively impact investor sentiment and the company's stock price in the short term.
The settlement of over $34 million for illegal kickback allegations is a significant legal issue that could harm DaVita's reputation and investor confidence, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100