The Latest: Genesis HealthCare pleased to resolve probes

The Latest on a settlement with Genesis HealthCare to resolve allegations that the company and its subsidiaries filed false claims with the U.S. government (all times local):

1 p.m.

Genesis HealthCare says it is pleased to resolve allegations that the company and its subsidiaries had submitted false claims for unnecessary therapy and nursing care.

Company spokeswoman Jeanne Moore confirmed Friday that Genesis agreed to pay a $53.6 million settlement with the U.S. Justice Department.

Moore says the company, which is headquartered in Kennett Square, Pennsylvania, operates in a heavily regulated industry.

Prosecutors said the company had been accused of submitting false claims to Medicare and Medicaid for medically unnecessary therapy, hospice service and substandard nursing care. The settlement also resolved allegations that some services provided by nursing homes owned by Genesis were "grossly substandard and/or worthless and therefore ineligible for payment."

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12:20 p.m.

Federal prosecutors say Genesis Healthcare has agreed to pay $53.6 million to settle allegations that it submitted false claims for unnecessary therapy and nursing care.

The U.S. Justice Department announced the settlement Friday.

Prosecutors say the company submitted false claims to Medicare and Medicaid for medically unnecessary therapy, hospice service and substandard nursing care.

The company headquartered in Kennett Square, Pennsylvania owns and operated nursing facilities, senior living facilities and rehabilitation centers.

The settlement also resolved allegations that some services provided by nursing homes owned by Genesis were "grossly substandard and/or worthless and therefore ineligible for payment."

A phone message seeking comment left with a media representative for Genesis Healthcare was not immediately returned.