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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (703578)9/23/2005 12:50:09 PM
From: DuckTapeSunroof   of 769670
 
HCA subpoenaed over Senate leader's stock

news.yahoo.com


Federal prosecutors have subpoenaed hospital operator HCA Inc. in connection with sales of stock held by U.S. Senate Majority Leader Bill Frist, the company said on Friday.

Frist, a Republican from Tennessee, has come under fire in news reports about the sale of his stock in the company, which his father and brother helped to found, shortly before the company warned that earnings would miss expectations.

The company said it is cooperating with the U.S. attorney for the Southern District of New York's request to produce documents.

HCA and other hospital operators have been hurt by high levels of unpaid patient bills and lackluster admissions.

Copyright © 2005 Reuters Limited.
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