Wright Medical settles federal beef for $8 million

October 1, 2010 by MassDevice staff

Wright Medical Group Inc. pays $7.9 million to settle federal charges that it used consulting arrangements with physicians as a kickbacks scheme.

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Wright Medical Group Inc. (NSDQ:WMGI) will pay $7.9 million to settle federal charges that it operated a kickbacks scheme to drive sales of its hip and knee implants.

The Arlington, Tenn.-based company said the deferred prosecution agreement with the New Jersey U.S. attorney's office, in which it does not admit to any of the charges, includes a five-year corporate integrity agreement with the U.S. Dept. of Health & Human Services, according to a press release.

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