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: Physician LawMedical Device Companies Enter into Major Settlement Agreement
By Todd A. Rodriguez
According to a recent DOJ Press Release, five medical device companies (comprising approximately 95% of the hip and knee joint implant market) have settled kickback allegations relating to payments to surgeons by agreeing to pay a total of $311 million and entering into five-year Corporate Integrity Agreements. The companies include Zimmer Inc., Depuy Orthopaedics, Inc., Smith & Nephew Inc., Biomet Orthopedics, Inc., and Stryker Orthopedics, Inc. Physicians who deal with these and other implant manufacturers clearly need to take a close look at their device relationships to be sure they conform to the anti-kickback statute and other applicable laws.
Full post as published by Physician Law on October 05, 2007 (boomark / email).
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