Lincare Holdings

(LNCR)

, a provider of at-home respiratory therapy services, said it agreed to pay slightly over $12 million to resolve several ongoing investigations by the Office of Inspector General and Department of Justice.

The Clearwater, Fla.-based company said it didn't admit any wrongdoing.

The first investigation focused on the company's relationships with certain physicians and other referral sources from January 1993 through December 2000. The Office of Inspector General of the U.S. Department of Health and Human Services had contended that the company improperly provided certain items to physicians.

The remaining three investigations were separately conducted in Massachusetts, Tennessee and Idaho and involved allegations that the company had inappropriately sought reimbursement under Medicare and other government health care programs or otherwise violated federal health care laws. The periods that these investigations covered ranged from January 1995 through March 2004.

"We are pleased to have resolved these matters with the government," Lincare said. "The company has reserved for a substantial portion of the settlement charges and related fees and expenses in its consolidated financial statements in prior reporting periods."

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