DaVita falls on reaching agreement with US DOJ to resolve illegal kickback allegations
** Shares of healthcare company DaVita DVA.N fall 2.8% to $135.93 in afternoon trade
** Company says it has agreed to pay over $34 mln to the U.S. Department of Justice (DOJ) for resolving allegations of paying illegal kickbacks to nephrologists and vascular access physicians to induce referral of patients to its dialysis centers
** DOJ alleges DaVita paid "improper remuneration" to a large nephrology practice to induce referrals to its dialysis clinics
** Anti-kickback laws in the U.S. prohibit anyone from offering or paying, directly or indirectly, to induce referrals of patients or of items or services covered by Medicare, Medicaid and other federally-funded programs
** The U.S. Federal Trade Commission launched an investigation earlier this year into DaVita and Fresenius Medical Care FMEG.DE over allegations that the companies have been illegally thwarting smaller competitors, Politico reported last week
** Including session moves, DaVita stock up 31.2% YTD
Reporting by Sneha S K in Bengaluru
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