Millennium Health Ends DOJ Probe, Said to Prepare for Ch. 11
- Largest U.S. drug-testing lab to pay $256 million settlement
- Bankruptcy petition would need to be filed by Nov. 10
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Millennium Health LLC agreed to pay $256 million to resolve claims that it misrepresented the need for procedures and offered gifts to doctors in exchange for referrals.
The biggest U.S. lab-testing company now plans to file for bankruptcy protection by Nov. 10, enabling it to turn over control of the business to its lenders, according to a person with knowledge of the matter.