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Tag: pharmacies

Three men indicted in Texas for alleged $14.5M health care fraud scheme
Health

Three men indicted in Texas for alleged $14.5M health care fraud scheme

SAN ANTONIO, Texas (ValleyCentral) — Three men were indicted in Texas on charges related to a $14.5 million health care fraud scheme. Kuba Zarobkiewicz, 35, of San Antonio, Anthony Fermin, 32, of Boca Raton, Florida, and Farrukh Mirza, 39, of Richmond, Texas were charged with  22 counts related to health care fraud, identity theft and kickbacks, according to the U.S. Attorney’s Office. According to court documents, Zarobkiewicz and Fermin own various medical equipment companies and pharmacies involved in a scheme to defraud Medicare. Their role in the scheme was to pay kickbacks to telemarketing firms owned and operated by Mirza in exchange for signed doctor’s orders issued for unnecessary hip, knee and back braces, federal prosecutors allege. The three were charged in...
CVS eyes next-generation health clinics after Amazon’s move for One Medical
Health

CVS eyes next-generation health clinics after Amazon’s move for One Medical

CVS Health Corp. is investing in a young chain of health clinics, and may be looking to acquire another. CVS CVS, -0.12% invested $100 million in a Carbon Health Inc., a San Francisco-based chain of urgent- and primary-care clinics, according to a Monday morning announcement. Just hours later, Bloomberg News reported that CVS was in negotiations to buy Oak Street Health Inc. OSH, +4.25%, a decade-old chain of clinics that service Medicare recipients, for more than $10 billion. Publicly-traded Oak Street ended the day with a market capitalization slightly lower than $5.5 billion. Oak Street shares jumped more than 35% in after-hours trading, while CVS stock was mostly stable. CVS declined comment on the...