The United States Departments of Veterans Affairs has agreed to pay DaVita Inc. $538 million to settle a lawsuit that began in May 2011. DaVita alleged that the VA had underpaid for dialysis services the company provided from 2005 through 2011.
Fresenius Medical Care Holdings Inc. announced that it also has reached an agreement with the VA, resolving reimbursement for services provided to veterans by the company’s dialysis clinics from January 2009 through Feb. 15, 2011. The agreement resolves litigation that began in March 2014.
Fresenius said the agreement is expected to increase its net income by €45 to €50 million ($48.3 to $53.7 million) and revenue by €100 million (approximately $107.3 million).