Medtronic's Covidien to pay $17M+ in kickback settlement — 3 key notes

Medtronic's Covidien will pay $17,477,947 to resolve allegations it violated the False Claims Act, according to an announcement from the U.S. Department of Justice.

Three key notes:

1. Federal prosecutors accused Covidien of giving California and Florida physicians free or discounted support services to compel them to purchase its ClosureFAST radiofrequency ablation catheters.

2. The company's alleged Anti-Kickback Statute violations took place from Jan. 1, 2011, through Sept. 30, 2014.

3. Under the agreement, Covidien will pay an additional $1,474,892 to California and $1,047,160 to Florida.

Click here for more details on the settlement.

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