Tenet ( THC) has swallowed another dose of medicine. The ailing hospital chain agreed to pay more than $30 million to settle two government probes that have been dogging the company for years. It is paying $22.5 million to end an investigation at one hospital alone. It will pay an additional $8.25 million to settle a government probe of certain Medicare claims submitted by virtually all of its facilities. Tenet pointed to the latest settlements, which it first discussed during last week's conference call, as progress toward recovery. "The resolution of these two matters is an important step forward as Tenet works to rebuild its business and its reputation," said Peter Urbanowicz, Tenet's new general counsel. "Our resolution of this case should serve as a clear demonstration of our desire to establish a more cooperative and collaborative tone with our federal health program partners." Tenet's stock, which fell during the regular session on Medicare shortage fears, jumped 4.3% to $10.69 following the company's after-hours announcement. Tenet is paying the larger fine to settle a whistleblower lawsuit filed seven years ago against its North Ridge Medical Center in Fort Lauderdale, Fla. A former employee there raised questions about the hospital's physician employment contracts, its practice acquisitions and its coding procedures. The hospital must now operate under a new "corporate integrity agreement," assuring future compliance, as part of the settlement. Tenet paid the smaller fine to settle allegations that its hospitals improperly billed the government for transferring Medicare patients during an eight-year period ending in 2000. The company announced last week that it had already reserved $30 million to cover the anticipated settlements. But Tenet still faces numerous government probes that could trigger much larger penalties in the future. The company is suspected of collecting roughly $2 billion in questionable "outlier" payments from Medicare in recent years. It also has been accused of profiting from hundreds of unnecessary surgeries and paying illegal kickbacks to doctors who send the company business. With limited cash on hand -- and its business operating in the red -- the company would probably depend on the capital markets to finance any major settlement going forward.