The Villages Health has filed for bankruptcy as it has been revealed that it owes the federal government hundreds of millions of dollars due to erroneous Medicare billing.
The much-ballyhooed return to Dr. Marcus Welby-style medicine that was launched nearly 15 years ago has apparently run aground due to a dispute with the U.S. government over Medicare billing practices.
Court documents show that The Villages Health has liabilities of $100 to $500 million and estimated assets of $50 to $100 million. The assets include eight primary care centers and two specialty care centers located throughout The Villages…