A change of plans. Beverly agrees to auction after hostile takeover moves.
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Biomedical subjects
Publications and source records attributed to Joseph Mantone.
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With the trial of Richard Scrushy, left, finally under way in Alabama, it isn't just the former HealthSouth executive being scrutinized. It's the first courtroom test for the Sarbanes-Oxley Act of 2002, which holds CEOs accountable for false financial statements. Scrushy's defense attorneys have already begun laying the groundwork to blame underlings for the 2.64 billion dollar accounting fraud.
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It's something of a holiday tradition: legal settlements at major investor-owned healthcare companies. But will Tenet's and HealthSouth's multimillion-dollar mea culpas over allegations of providing unnecessary care have the same healing effect that HCA's pair of year-end settlements yielded? Tenet's E. Peter Urbanowicz, left, said his company's moves show "the real progress we are making to put our legal challenges ... behind us".
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