Medical Equipment Company Will Pay $646 Million for Making …

Mar 1, 2016  · Olympus Corp. of the Americas, Nation’s Largest Distributor of Endoscopes, Also Agrees to Reforms and Subsidiary Admits to Foreign Bribery The United States’ largest distributor of endoscopes and related equipment will pay $623.2 million to resolve criminal charges and …


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Medical Equipment Company Will Pay $646 Million For Making …

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Mar 1, 2016  · Olympus Corp. of the Americas, Nation’s Largest Distributor of Endoscopes, Also Agrees to Reforms and Subsidiary Admits to Foreign Bribery The United States’ largest distributor of endoscopes and related equipment will pay $623.2 million to resolve criminal charges and …

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Medical Device Company Will Pay $646 Million For Making Illegal ...

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Mar 1, 2016  · The federal share of the civil settlement is $267.3 million, and Olympus will pay $43.5 million to participating states that contributed to the falsely claimed Medicaid payments …

justice.gov

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Olympus Corp. To Pay $646 Million To Settle Kickback Charges

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Mar 2, 2016  · Olympus Corp. to pay $646 million to settle kickback charges ... $623.2 million to settle criminal and civil charges — the largest amount ever paid by a medical device company …

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Olympus To Pay $646M Over Kickbacks And Bribes To Doctors, …

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Mar 2, 2016  · Olympus Corp. of the Americas, of Center Valley, will pay a total of $646 million for making illegal payments to doctors and hospitals in the United States and Latin America, …

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Olympus To Pay At Least $646 Million To End US Probes

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Mar 1, 2016  · NEWARK, N.J. (AP) — Olympus Corp., the nation's largest distributor of endoscopes and related equipment, will pay $646 million to resolve separate criminal and civil …

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Medical Equipment Company Will Pay $646 Million To Resolve …

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Mar 3, 2016  · This is the largest total amount paid in U.S. history for violations involving the Anti-Kickback Statute (“AKS”) by a medical device company. In a separate investigation, subsidiary …

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Olympus Corp. To Pay $646M To Settle Kickback Charges

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Mar 10, 2016  · Olympus Corporation of the Americas, the largest U.S. distributor of scopes commonly used in medical procedures, has agreed to pay $623.2 million to resolve criminal …

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Olympus Corp. Of The Americas To Pay $646 Million To Settle …

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Updated March 1, 2016 6:17 pm ET. Share. Resize. The U.S. unit of Olympus Corp. admitted it paid bribes to U.S. doctors and hospitals to promote sales of its medical devices, and agreed …

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Olympus To Pay Whopping $646 Million Over Endoscope Kickbacks

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Mar 1, 2016  · Olympus Corp. of the Americas--already under criticism for its handling of deadly superbug outbreaks related to a type of endoscope called a duodenoscope--will now have to …

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Olympus Pays At Least $646m To Resolve Bribery Cases - Financial …

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Mar 2, 2016  · Olympus Corp, the Japanese manufacturer struck by a multibillion-dollar accounting scandal five years ago, has agreed to pay at least $646m to settle two bribery probes by the …

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Olympus Will Pay $646 Million To End Kickback, Bribe Probes

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Mar 1, 2016  · The company’s U.S. unit will pay $623.2 million in the kickback case, the largest such case in American history and the most ever paid by a medical-device maker. Olympus, a …

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Another Life Sciences Company Gets Hit Hard: Olympus Pays …

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Mar 28, 2016  · As a result of the settlement, Olympus will pay a total of $646 million to the federal and various state governments. Olympus’ violations of the AKS and FCA were resolved under …

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Olympus Corp. Fined $646M For Paying Kickbacks To Hospitals

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The Department of Justice (DOJ) charged Olympus Corp. this month with paying millions of dollars in kickbacks to hospitals and doctors to buy its products. The company, which owns …

healthleadersmedia.com

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Olympus To Pay $646 Mn For Bribing Hospitals, Doctors - Phys.org

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Mar 1, 2016  · The US unit of Japan's camera and hospital equipment maker Olympus agreed to pay $646 million Tuesday to settle charges it gave hospitals and doctors kickbacks to buy its …

phys.org

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Olympus Prosecution Deferred To Pay $646 Million To Settle False …

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Mar 1, 2016  · Olympus Corp. of the Americas, the largest distributor of endoscopes and related equipment will pay $623.2 million to resolve criminal charges and civil claims relating to a …

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Olympus To Pay $646m To Settle Charges Over Device Sales

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Mar 3, 2016  · Olympus Corporation of the Americas, the largest distributor of endoscopes in the US, has agreed to pay $646 million (£459m; €594m) to resolve criminal charges and civil …

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Medical Device Maker To Pay $646 Million To Settle Kickback ...

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Federal officials said the settlement is the largest paid by a medical device company in U.S. history for violating the anti-kickback statute. Olympus will also pay $22.8 million to settle …

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Olympus Pays US$646 Million To Settle Anti-kickback And Foreign …

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Mar 1, 2016  · Olympus Corporation, a Japanese medical device and optics manufacturer, has agreed to pay US$646 million to resolve kickback and foreign bribery charges in two separate …

globalinvestigationsreview.com

FAQs about Medical Equipment Company Will Pay $646 Million for Making … Coupon?

Did Olympus pay kickbacks?

In the civil settlement, Olympus agrees to pay $310.8 million to the federal government and the states to resolve claims that Olympus’s payment of kickbacks caused false claims to be submitted to federal health care programs Medicare, Medicaid and TRICARE, and thus violated not only the AKS but also the federal and various state False Claims Acts. ...

Why did Olympus pay $85 million?

By Nate Raymond (Reuters) - An Olympus Corp subsidiary pleaded guilty on Monday and agreed to pay $85 million to resolve charges that it failed to file reports with U.S. regulators regarding infections connected to its duodenoscopes while continuing to sell the medical devices used to view the gastrointestinal tract. ...

How did Olympus win new business?

The unit, Olympus Corporation of the Americas, admitted that it won new business and rewarded sales by giving doctors and hospitals kickbacks, including consulting payments, foreign travel, lavish meals, millions of dollars in grants and free endoscopes. ...

Why did Olympus pay $623m?

On Tuesday Olympus’s US unit, the largest distributor of endoscopes in the country, said it would pay $623m to resolve criminal charges and civil claims relating to a scheme to pay kickbacks to doctors and hospitals, and $23m to resolve criminal charges relating to the Foreign Corrupt Practices Act (FCPA) in Latin America. ...

What happened to Olympus?

The company has implemented and will continue to enhance its robust compliance programme.” The probe is the latest setback for Olympus — a medical device and imaging technology company — which was rocked by an accounting scandal in autumn 2011 that caused shares in the 97-year-old company to tumble more than 80 per cent. ...

Does Olympus sell endoscopes?

Olympus Corp. of the Americas, Nation’s Largest Distributor of Endoscopes, Also Agrees to Reforms and Subsidiary Admits to Foreign Bribery ...

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