Dialysis centers run by DaVita HealthCare Partners Inc., Fresenius Medical Care AG and other companies aren’t being paid correctly by Medicare because the U.S. is miscalculating drug costs, auditors said.
Fresenius Medical Care AG, the world’s biggest dialysis provider, forecast a second consecutive profit decline in 2014 as the U.S. government cuts health spending. The stock fell the most in almost eight months.
In the spring of 1945, Harald Quandt, a 23-year-old officer in the German Luftwaffe, was being held as a prisoner of war by Allied forces in the Libyan port city of Benghazi when he received a farewell letter from his mother, Magda Goebbels -- the wife of Nazi propaganda minister Joseph Goebbels.
On Oct. 11, the U.K. government sold a majority stake in Royal Mail Plc, the British postal service, in an initial public offering. Interest from both retail and institutional investors was strong. When the trading frenzy died down, two names emerged with large positions: Lansdowne Partners Ltd. and The Children’s Investment Fund Management UK LLP.
Fresenius SE, the German operator of the Helios hospital chain and the Fresenius Kabi infusion- therapy distributor, was asked to take writedowns on Greek government bonds it received in lieu of unpaid hospital bills.
Fresenius Medical Care AG, the world’s biggest provider of kidney dialysis, said third-quarter operating profit increased as it boosted volume and improved cost management to offset lower prices in the U.S.