March 19, 2001  Vencor Inc. and Ventas Inc.

Vencor Inc. and Ventas Inc. have agreed to pay over $104 Million Dollars to settle allegations asserted in a qui tams action filed by several private relators.

The allegations asserted were that Vencor knowingly submitted false claims to Medicare, Medicaid and TRICARE, the military’s health care program.

As part of the settlement, the relators who filed the qui tam actions will receive more than $15 Million Dollars, of the $104 Million recovered, for having filed the qui tam cases.

See U.S. Dept of Justice Press Release 3/19/01

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