Health insurer Humana expects to pay approximately $45 million to several hospitals, including Sacred Heart Health System in Pensacola, Fla., and Dallas-based Tenet Healthcare, related to a lawsuit from 2007, according to a filing with the U.S. Securities and Exchange Commission.
In February 2007, several hospitals run by Sacred Heart, Tenet and others sued Humana's military healthcare business — Humana Military Healthcare Services — alleging it had breached outpatient reimbursement network agreements, according to the regulatory filing.
Humana expects to incur the expenses in the second quarter of 2012. Consequently, Humana lowered its earnings to a range of $7.38 to $7.58 per share for this year compared with $7.55 to $7.75 per share from earlier this year.
In February 2007, several hospitals run by Sacred Heart, Tenet and others sued Humana's military healthcare business — Humana Military Healthcare Services — alleging it had breached outpatient reimbursement network agreements, according to the regulatory filing.
Humana expects to incur the expenses in the second quarter of 2012. Consequently, Humana lowered its earnings to a range of $7.38 to $7.58 per share for this year compared with $7.55 to $7.75 per share from earlier this year.
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