Justice Department probes Alere over Medicare, Medicaid billing

(Reuters) – Diagnostic-testing company Alere Inc has received a U.S. Department of Justice subpoena seeking patient-billing records related to Medicare, Medicaid and Tricare, the company said on Wednesday. The subpoena, which was sent to Alere’s Toxicology unit on July 1, asked for billing records dating back to 2010 for patient samples tested at the company’s Texas pain management laboratory, Alere said in a statement. “So, the shares are actually recovering from getting crushed earlier in the day.” Alere said it was fully cooperating with the investigation and believed that matters related to the subpoena were not material.
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