Beverly Enterprises Under Criminal Probe
Dow Jones/Associated Press
The state of California has notified Beverly Enterprises Inc. that it is investigating possible criminal charges against the company based on civil citations issued between 1998 and 2001 related to patient care.
In its quarterly report filed with the Securities and Exchange Commission, Beverly said it can’t immediately assess the nature or significance of any charges that might be filed.
The provider of nursing and assisted-living care services said it is holding discussions with the state to try to resolve the issues.
Most of the civil citations issued by the California Department of Health Services were resolved by the payment of civil penalties, Beverly said.
Shares of Beverly fell 27 cents to $8.04 on the Big Board.
