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Insurers Vie for Dismissal of Reimbursement Scheme Claims

Health
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1 day ago
The defendants of a case filed in April 2020, Cigna Behavior Health, Inc., and Multiplan, Inc., have responded to the initial complaint against them which alleged their involvement in a reimbursement scheme. The complaint was filed in the Northern District of California by a plaintiff known as R.J., who filed suit as the representative of her son and all others similarly situated.
The complaint explained that R.J. and her son were covered under Cigna’s insurance plan, for which they paid a higher premium for a specific privilege that allowed them to choose out-of-network healthcare providers. The son, the complaint said, received treatment for his mental health and substance use disorders from out-of-network providers who were “licensed, accredited, treatment providers.” Despite their plan allowing this type of treatment, Cigna allegedly denied their coverage claims all while “reaping large profits from his [SJ’s] supposedl ....

United States , Phelps Dunbar , Richter Hampton , Napoli Shkolnik , Dl Law Group , Cigna Behavior Health Inc , Multiplan Inc , Cigna Behavior Health , Northern District , Mcdermott Will , ஒன்றுபட்டது மாநிலங்களில் , ஃபெல்ப்ஸ் டன்பார் , பணக்காரர் ஹாம்ப்டன் , ந்யாபலீ ஷ்கொழ்நீக் , ட்‌ல் சட்டம் குழு , மல்டிபிளான் இன்க் , வடக்கு மாவட்டம் , மக்டர்மட் விருப்பம் ,

2020 Health Care Services M&A Market Survived Covid-19, According To Irving Levin Associates, Inc.

2020 Health Care Services M&A Market Survived Covid-19, According To Irving Levin Associates, Inc.
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According to a new report from Irving Levin Associates, mergers and acquisitions in the health care services industry decreased 13% in 2020, to 1,116 deals, from the record set in 2019.
“Deal making in the healthcare services sectors was definitely impacted by Covid-19, but survived in the end.
NEW CANAAN, Conn. (PRWEB)
February 17, 2021
Merger and acquisition activity in the healthcare industry’s services sectors declined 13% in 2020 compared with the year before, according to The 2021 Health Care Services Acquisition Report, Twenty-Seventh Edition. Deal volume for the healthcare services sectors reached 1,116 transactions versus a record high of 1,282 in 2019. Still, 2020 deal volume was 11% higher than it was in 2016 (1,004 deals), five years earlier. ....

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Electric-Car Buzz Pushes Up Shares in Company With Nothing But Cash

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Dow Jones
By Eliot Brown
When news emerged in December that Churchill Capital Corp IV, a blank-check company with no assets beyond its $2 billion in cash, had made an offer to acquire DirecTV, its stock barely moved.
After a report in January that Churchill was in talks to merge with the buzzy electric-vehicle startup Lucid Motors Inc., it was a different story.
Speculation about the possible combination spread on Reddit and other social-media platforms, fueled by Tesla Inc. s surge and a bet on a post-gasoline future. Traders sought additional information online and pointed to myriad bits of information to infer a deal was imminent. One online discussion prompted a trader to drive to an airport to photograph a jet that other traders conjectured was connected to the deal. ....

New York , United States , Saudi Arabia , Noord Holland , Maureen Farrell , Michael Klein , Fred Rosa , Eliot Brown , David Erickson , Facebook Inc , Saudi Arabia Public Investment Fund , Churchill Capital Corp , Ford Motor Co , Tesla Inc , Lordstown Motors Corp , Dow Jones Company Inc , Citigroup Inc , Fisker Inc , Klein Churchill Capital Corp , Lucid Motors Inc , T Inc , Multiplan Inc , University Of Pennsylvania , Twitter Inc , Motors Co , Ford Motor ,

Churchill Capital Corp to Participate in the 2021 ICR Virtual Conference

Churchill Capital Corp to Participate in the 2021 ICR Virtual Conference
Churchill Capital Corp to Participate in the 2021 ICR Virtual Conference
Churchill Capital Corp, (“Churchill” or the Company), whose sponsor is an affiliate of M. Klein and Company, LLC, announced today that the Companys Chairman and CEO, Michael Klein will participate in a fireside chat during the 23rd Annual ICR Virtual Conference. The fireside chat will begin at 3:30 p.m. Eastern on Tuesday, January 12, 2021.
To register for the fireside chat with Churchill Capital, please CLICK HERE.
Michael Klein is the Chief Executive Officer and Chairman of the Board of Directors of the Churchill Capital Corp group of public equity growth companies. Mr. Klein founded the initial Churchill public equity growth vehicle in 2018, and has raised over $5 billion in IPO capital to date. Churchill companies have successfully announced mergers with Clarivate, MultiPlan, Skillsoft and Global Knowledge. M ....

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Judge Dismisses Case Against United Health with Leave to Amend

Health
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December 21, 2020
In the Northern District of California on Friday, Judge Yvonne Gonzalez Rogers dismissed health insurance case against United Behavioral Health was dismissed with leave to amend. The judge dismissed the plaintiffs’ claims with prejudice under the Sherman Act and Racketeer Influenced and Corrupt Organizations Act (RICO) and the plaintiffs’ state law claims within the scope of the Employee Retirement Income Security Act (ERISA). Furthermore, the judge dismissed the plaintiffs’ state law claims regarding plans that fall outside the scope of ERISA with leave to amend.
The plaintiffs, led by Pacific Recovery Solutions, are out-of-network health care providers who provided intensive outpatient program (IOP) services to patients who had health insurance policies administered by United. At dispute was whether United represented to the plaintiffs that it would pay a percentage of the Usual, Customary, and Reasonable Rates (UCR) f ....

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