DVA - DaVita and former CEO charged with labor market collusion

sanfel/iStock Editorial via Getty Images DaVita ([[DVA]] -1.0%) and former CEO Kent Thiry were indicted today by a federal grand jury in Denver on charges they conspired with competing employers not to solicit certain individuals. The indictment alleges DaVita and Thiry participated in two conspiracies to suppress competition for the services of certain employees. The first count alleges DaVita and Thiry conspiracy with co-conspirator Surgical Care Associates ("SCA")  to allocate senior-level employees by agreeing not to solicit each other’s senior-level employees from as early as February 2012 until as late as July 2017. The second count charges conspiring with another company from as early as April 2017 until as late as June 2019 to allocate employees by agreeing that the other health care company would not solicit DaVita’s employees.  DaVita and Thiry have an initial court appearance on July 20. If convicted, DaVita faces a fine of up to $100M per

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DaVita and former CEO charged with labor market collusion