Bloomberg Law
Dec. 16, 2010, 5:00 AM

Medical Device Maker Agrees to Reforms

PHILADELPHIA—A Florida-based maker of orthopedic implants and supplies will institute corporate compliance procedures and submit to federal monitoring for 12 months to avoid criminal prosecution over allegedly illegal consulting agreements with orthopedic surgeons, the U.S. Attorney’s Office for the District of New Jersey said in a Dec. 7 news release (United States v. Exactech Inc.).

A deferred prosecution agreement was filed in U.S. District Court for the District of New Jersey in Trenton along with a criminal complaint charging Exactech Inc. with conspiring to violate the anti-kickback provision of the Medicare fraud statute.

Additionally, an Exactech sales director ...

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