Florida Cancer Treatment Center to Pay $100 Million Fine for Antitrust Crime
A cancer specialists and research group in Florida will pay a $100 million fine for “conspiring to allocate medical and radiation oncology treatments for cancer patients in Southwest Florida”.
Working with an unnamed co-conspirator, Florida Cancer Specialists & Research Institute LLC (FCS) worked to “suppress and eliminate competition” of medical and radiation oncology treatments for cancer patients.
FCS is “one of the largest privately held oncology practices in the United States” with more than 200 physicians, 2,000 employees, and approximately 100 centers throughout the state of Florida
Their size and illegal agreement with the co-conspirator allowed them to minimize competition and control costs, resulting in “limited valuable integrated care options and choices for cancer patients.”
According to the criminal complaint, revenues from this conspiracy “totaled more than $950,000,000”.