The Massachusetts Attorney General’s Office announced the largest healthcare fraud settlement against a private equity firm based on the firm’s oversight of its healthcare portfolio company, Policy & Medicine reports. The $25 million settlement stemmed from a filed under the Massachusetts False Claims Act by a former employee of South Bay Mental Health Center, which operates mental health facilities around the state of Massachusetts.
The suit was filed against South Bay and its former and current CEOs, along with the facilities’ private equity backer, H.I.G. Growth Partners and H.I.G. Capital. Read more.
