Linde AG’s business unit Lincare is paying $20 million to resolve a whistleblower suit alleging that the company fraudulently billed the US government for oxygen and respiratory care equipment. The case, filed under the False Claims Act by former employees, was dismissed with prejudice by US District Judge Douglas Woodcock yesterday, according to court documents. […]
Linde
ConMed ripe for M&A | The week in medtech M&A
Analyst: ConMed ripe for M&A spree May 19, 2015 by Fink Densford ConMed, in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter. Newitter, who upgraded CNMD shares to “outperform” and boosted the price target to $64 from $60, wrote in […]
Feds charge ex-JP Morgan exec, father in medtech insider trading scheme
Federal prosecutors in New York this week charged a father-and-son team with insider trading connected with a spate of mergers in the medical device arena.
