An operator behind Atrium Health and Senior Living and a former top executive were indicted Wednesday on an extensive list of healthcare fraud, tax fraud and money laundering offenses, the Department of Justice announced Thursday.
The alleged crimes happened from January 2015 through September 2018, spearheaded by CEO Kevin Breslin and KBWB Operations, doing business as Atrium, at 24 skilled nursing and nine assisted living locations in Wisconsin.
Federal officials painted a complex fraud scheme in which they contend Breslin and Atrium diverted funds from the Wisconsin facilities to make guaranteed payments to Atrium owners, as well as guaranteed payments to investors who were using the proceeds to finance the construction of new nursing homes in New Jersey.
The indictment alleges that in that period, KBWB Operations billed Medicare for more than $189 million and received more than $49 million in payments. It also alleges that the company billed Medicaid for more than $218 million and received more than $93 million in payments.
Source: Former Atrium CEO, operator charged in $407 million fraud scheme / McKnights Long-Term Care News