WASHINGTON, Sept 13 The operator of Miami-Dade
County's largest hospital will settle civil charges accusing it
of misleading investors about its financial condition before an
$83 million bond offering, U.S. regulators said on Friday.
The Public Health Trust, the governing body for Jackson
Health System, will not face a civil monetary penalty due to its
cooperation with the federal government during the investigation
and its current financial condition.
The U.S. Securities and Exchange Commission alleged that the
Public Health Trust misstated current and future revenue due to
problems with a new billing system that inaccurately recorded
revenue and patient accounts receivable.