HCA HEALTHCARE INC
HCA
Health Care
4
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
HCA Healthcare agreed to pay $4.6 million to resolve an EEOC disability discrimination lawsuit alleging it failed to accommodate employees with disabilities.
HCA Healthcare Inc. agreed to pay $16 million to resolve allegations it paid kickbacks to physicians to induce referrals, violating the False Claims Act and Anti-Kickback Statute.
HCA Healthcare (formerly Columbia/HCA) paid $1.7 billion to resolve the largest healthcare fraud investigation in U.S. history. The Department of Justice announced the final settlement in June 2003, concluding a multi-year investigation into false claims submitted to Medicare, Medicaid, and TRICARE. The fraud involved cost report manipulation, kickbacks to physicians for patient referrals, and billing for unnecessary services. In December 2000, HCA subsidiaries paid $840 million in criminal fines and civil damages. A subsequent June 2003 settlement added $631 million in civil penalties. An additional $250 million was paid to the Centers for Medicare & Medicaid Services for overpayment claims. Whistleblowers received $151.6 million in combined qui tam awards. HCA's then-CEO Rick Scott resigned during the investigation.
In NLRB Case No. 12-CA-263656, HCA Healthcare Inc. was accused of unlawfully interrogating employees about their union activities and creating the impression of surveillance at its Riverside Community Hospital facility in 2020.
Research Sources
4 organizations
Related Exclusions
Wondering what we do invest in?
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.