The New Jersey U.S. attorney’s office launched a probe into the company’s arrangement with physicians in 2007 after a complaint from the Department of Health & Human Services accused Exactech of violating the anti-kickback law. The company had consulting agreements with physicians that solicited physicians willing to receive payment in exchange for the physicians’ use of Exactech products between 2002 and late 2008.
The company has agreed to post the deferred prosecution on its website for a year and has separated the roles of corporate council and chief compliance office.
Read the Mass Device report on Exactech.
Read other coverage on Exactech:
– Exactech Acquires Polyethylene Bearing Supplier Brighton Partners
– Exactech Posts 12% Higher Sales in Q3 Over Last Year
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