TRISTATE MARKET SPOTLIGHT



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E N Q U I R E R B U S I N E S S C O V E R A G E

TRISTATE MARKET SPOTLIGHT
Vencor down on news of probe
Thursday, November 19, 1998
BY The Cincinnati Enquirer
Vencor Inc. suffered another blow Wednesday after the Louisville-based nursing home and long-term care hospital chain disclosed that federal investigators are probing its Medicare billing practices.
The issue closed down 43ó cents at $4.68ó after falling as much as $1.25, or 24 percent.
News of the Department of Justice investigation was revealed in a quarterly filing with the Securities and Exchange Commission. The Department of Health and Human Services said in May it was investigating Vencor, although it wouldn't reveal details.

Business Headlines for Thursday, November 19, 1998
3 firms plan layoffs
COMMERCIAL REAL ESTATE
Cumberland's work boosts others
Gates blasts use of tape
INDUSTRY NOTES: REAL ESTATE
Losses prompt Brazos to seek advice
Microsoft: IBM led collusion
MONY to acquire risk insurer
P&G's Pepper urges TV for children's benefit
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