Hospital Construction Kickbacks

Another interesting story from Modern Physician, excerpted below:

"Ill. construction exec pleads guilty in kickback scandal"

A Chicago construction company owner pleaded guilty yesterday to paying bribes to the former vice chairman of Illinois' certificate-of-need board to direct hospital and medical school construction projects to his company.

In his plea, Kiferbaum confessed to paying Levine millions in bribes to steer building contracts to his company and to inflating the projects' costs to cover those kickbacks. Kiferbaum and his successor company, Design+Build, agreed to pay $7 million in restitution by July 1. His sentencing hearing was postponed until after the cases against his co-defendants have been completed and the extent of his cooperation with U.S. District Judge John Grady in Chicago can be established.