NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News Who are the potential buyers for The Villages Health System? Bidding concludes today in the Chapter 11 proceedings.

Who are the potential buyers for The Villages Health System? Bidding concludes today in the Chapter 11 proceedings.

Who will buy The Villages Health System? Bidding ends today in Chapter 11 case
Up next
Iran hides surviving nuclear equipment in bid to survive next BOMBING
Iran Conceals Nuclear Gear to Withstand Future Attacks
Published on 03 September 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


THE VILLAGES, Fla. – Tuesday afternoon is the deadline for companies to bid for The Villages Health System, the beleaguered health care provider seeking Chapter 11 bankruptcy amid accusations of overbilling Medicare.

Prospective bidders for the company have until 4 p.m. Tuesday to submit a bid that is higher than the stalking horse bid put up by CenterWell, a company owned by insurer Humana.

CenterWell is expected to pay $50 million in cash for the company, along with whatever costs are determined to be necessary by the bankruptcy court to handle any defaults or losses, according to court documents.

If any other companies bid for TVH, an auction for the company will be held on Sept. 7.

[VIDEO BELOW: High water bills prompt News 6 investigation]

A sale order hearing is expected to be held on Sept. 9.

TVH announced in July that it was filing for Chapter 11 bankruptcy, around six months after the company admitted it had found a “problem with some of our Medicare billing practices.”

The company’s biggest debtor is the U.S. government. Bankruptcy filings show the company owes more than $360 million to the government.

The winning bidder will get eight primary care centers and two specialty care centers. The Villages Health System handles some 55,000 patients.

But there have been objections to the sale.

[VIDEO BELOW: Nonprofit helps vets in The Villages]

Blue Cross Blue Shield of Florida, also known as Florida Blue, filed an objection to TVH’s plan last month.

In the complaint, Florida Blue says The Villages Health System added diagnostic codes to patient files through Medicare over a four-year period, resulting in overpayments by Florida Blue of $25 million.

Florida Blue’s attorneys say that in 2024 alone, TVH falsely added diagnostic codes for “Coagulation Defects and Other Specified Hematological Disorders” and “specified Heart Arrhythmias.”

Those codes led to an overpayment of approximately $8 million alone, according to the complaint.

Attorneys for Florida Blue say TVH is in default of its contracts with the health insurer because of the overpayments, and is asking the court to make sure TVH settles its contract default with Florida Blue, rather than letting TVH’s eventual buyer handle that settlement.

Florida Blue’s objection is one of several against the current bankruptcy agreement for The Villages Health system, a health care center that promotes a holistic approach to care, with an emphasis on team care for patients, a range of specialty doctors and wellness programs, and 10 locations serving 55,000 patients, according to the company’s website.

Another objection came from United Healthcare in July, which also had Medicare overpayments because of erroneous billing from TVH, the health insurance company says.

United Healthcare said in court documents that the bankruptcy plan allows TVH to hide insider dealings. United Healthcare accused TVH of distributing some $183 million, from 2022 to 2024, to the Morse family, to pay down a line of credit.

The Morse family controls The Villages through several companies.

The health insurer also says that it is one of the largest providers of Medicare Advantage plans to The Villages Health System, and the companies have an exclusive marketing agreement. Yet the bankruptcy announcement blindsided United Healthcare officials.

United Healthcare says it wants the bankruptcy deal and TVH’s finances to undergo more scrutiny before the sale.

TVH, meanwhile, says it has had to borrow millions of dollars to keep its health centers going and pay the doctors, so that patient care is not affected during the transition. The court approved additional funds at a hearing on Aug. 18.

Breaking News Alerts

Get breaking news alerts delivered to your inbox.

Copyright 2025 by WKMG ClickOrlando – All rights reserved.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
These 15 Florida bills were just filed. Here’s what happens if they become law
  • Local News

Breaking Down Florida’s Latest Legislation: 15 New Bills That Could Transform the Sunshine State

As the upcoming Legislative session in Florida draws near, state lawmakers are…
  • NewsFinale Journal
  • October 24, 2025
Target to cut about 1,800 corporate positions, reports say
  • Local News

Target Announces Plans to Streamline Operations, Reducing Approximately 1,800 Corporate Roles

(NEXSTAR) — Target is gearing up to cut around 1,800 jobs within…
  • NewsFinale Journal
  • October 24, 2025
Trump says tech leaders and mayor changed his mind about using federal force in San Francisco
  • Local News

Trump Reverses Decision on Federal Force in San Francisco After Influential Talks with Tech Leaders and Mayor

SAN FRANCISCO – President Donald Trump was poised to deploy federal forces…
  • NewsFinale Journal
  • October 24, 2025
Asian shares rise after White House confirms plans for Trump to meet with Chinese leader Xi
  • Local News

Asian Markets Surge as White House Confirms Historic Trump-Xi Summit

MANILA – On Friday, Asian stock markets saw a mostly positive trend…
  • NewsFinale Journal
  • October 24, 2025
1 killed in wreck on SR-46 in Seminole County
  • Local News

Fatal Collision on SR-46 in Seminole County Claims One Life

In Seminole County, Florida, a fatal collision occurred Friday morning on State…
  • NewsFinale Journal
  • October 24, 2025
Musk's rollercoaster year: From boycotts and plunging earnings to a potential trillion-dollar payday
  • Local News

Elon Musk’s Tumultuous Year: Overcoming Boycotts and Earnings Dips to Eye a Trillion-Dollar Milestone

NEW YORK – Imagine if someone exited a government role with a…
  • NewsFinale Journal
  • October 23, 2025
Tropical Storm Melissa trudges through Caribbean as forecasters warn it will quickly intensify
  • Local News

Tropical Storm Melissa Set to Intensify Rapidly: Caribbean Braces for Impact

SAN JUAN – On Friday morning, Tropical Storm Melissa made its way…
  • NewsFinale Journal
  • October 24, 2025
New Hampstead alum to start at QB for SSU homecoming
  • Local News

New Hampstead Graduate Takes Center Stage as Starting QB for SSU Homecoming Game

SAVANNAH, Ga. — Excitement is building as Savannah State prepares for its…
  • NewsFinale Journal
  • October 24, 2025
Michael Wolff Sues Melania Trump, Plans to Question Her
  • News

Michael Wolff Takes Legal Action Against Melania Trump: Seeks Her Testimony

Michael Wolff, the controversial author famous for his insider accounts of the…
  • NewsFinale Journal
  • October 24, 2025
Keith Urban stayed silent about Nicole Kidman split on new reality show The Road as he 'pushed personal stuff aside,' contestant reveals
  • AU

Keith Urban Keeps Quiet on Nicole Kidman Split During ‘The Road’ Reality Show, Contestant Shares

Keith Urban managed to keep his personal challenges from overshadowing the production…
  • NewsFinale Journal
  • October 24, 2025
Colts cheerleader uses sign language to converse with deaf fan at his first game
  • US

Colts Cheerleader Connects with Deaf Fan Through Sign Language at His Inaugural Game

Morgan McLain, a Colts cheerleader, pursued a minor in American Sign Language…
  • NewsFinale Journal
  • October 24, 2025
middle-aged woman holding kettlebell, concept of free weight exercises for a leaner body after 40
  • Health

Revamp Your Fitness Routine: 5 Standing Exercises to Flatten Lower Belly Faster Than Planks for Those Over 50

Planks are excellent for enhancing core strength, but they only scratch the…
  • NewsFinale Journal
  • October 24, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate