Scope Maker Olympus To Settle Federal Kickback Investigation For $646 Million
The company agreed to the payment to end civil and criminal probes of charges that it bribed doctors and hospitals to buy Olympus endoscopes and devices. A corporate whistleblower may collect $51 million from the settlement.
Kaiser Health News:
Leading Scope Maker Olympus Agrees To Hefty Settlement In Kickback Cases
Medical device maker Olympus Corp., already under federal investigation for its role in superbug outbreaks, has agreed to pay $646 million to resolve criminal and civil probes into illegal kickbacks and bribes to doctors and hospitals. Federal prosecutors said Tuesday that the company’s settlement is the largest ever for violations of the U.S. Anti-Kickback Statute. A portion of the company’s payout, $22.8 million, will resolve similar bribery allegations in Latin America. (Terhune, 3/1)
The Wall Street Journal:
Olympus Corp. Of The Americas To Pay $646 Million To Settle Kickback Charges
The settlements resolve charges brought against the company by the U.S. attorney’s office for the District of New Jersey. The government alleged the U.S. bribes caused health-care providers to bill government health-care programs in violation of the False Claims Act. “There was a relatively widespread pattern of the company using various forms of financial benefits—cash, trips, consulting agreements—to induce doctors, hospitals and other health-care providers to buy their stuff,” Paul J. Fishman, the U.S. attorney for New Jersey, told The Wall Street Journal. (Walker, 3/1)
The Associated Press:
Olympus To Pay At Least $646 Million To End US Probes
Olympus Corp., the nation’s largest distributor of endoscopes and related equipment, will pay $646 million to resolve separate criminal and civil investigations into kickbacks and foreign bribery, company and federal officials announced Tuesday. Olympus said its U.S. unit will pay $623.2 million plus interest to end the kickback case in New Jersey. The company also agreed to a corporate-integrity agreement and the appointment of a monitor. (3/1)
Los Angeles Times:
Olympus Corp. To Pay $646 Million To Settle Kickback Case
After Olympus Corp. paid to fly three doctors from a prominent California hospital to Japan for a weeklong vacation, one of the physicians thanked the company for providing them with “so much extra entertainment that we did not expect.” The expense-paid trip was just one of the dozens of illegal kickbacks that the Japanese maker of endoscopes paid to American doctors and hospitals for at least five years as it sought to increase sales in its most lucrative market, according to a criminal complaint federal prosecutors released Tuesday. (Peterson, 3/1)
NBC News:
Whistleblower To Collect $50 Million In Olympus Medical Kickback Case
A corporate whistleblower is set to collect $51 million — his share of a massive settlement with Olympus America to resolve charges it gave doctors and hospitals kickbacks to order its medical equipment. (Connor, 3/1)
