Medtronic fines make up nearly half of Minn. Attorney's 2012 collections | On Call

December 12, 2012 by MassDevice staff

The $23.5 million that medtech giant Medtronic paid to the Minnesota U.S. Attorney's Office made up nearly half of the agency's civil and criminal collections in 2012.

MassDevice On Call

MASSDEVICE ON CALL — The Minnesota department of the U.S. Attorney's office collected $53 million in penalties in 2012, and $23.5 million of that came from a single charge against medical device company Medtronic (NYSE:MDT).

Medtronic paid the fine to settle allegations that it offered illegal kickbacks to encourage doctors to use its implantable pacemakers and defibrillators. The Fridley, Minn.-based med-tech titan admitted to no improper or unlawful action in settling the case.

The kickbacks case closed late last year, but the $23.5 million fine was marked on the Attorney's Office's 2012 inventory.

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In total, U.S. Attorney's Offices collected $13.1 billion in 2012, according to the Minneapolis-St. Paul Business Journal.

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