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Philips subsidiary to pay over $24 million for alleged false claims for medical equipment

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Philips subsidiary to pay over $24 million for alleged false claims for medical equipment By Reuters

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Economy 12 minutes ago (Sep 01, 2022 20:11)

© Reuters. FILE PHOTO: Dutch technology company Philips logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier

WASHINGTON (Reuters) – A subsidiary of Dutch medical device maker Philips has agreed to pay over $24 million to resolve alleged false claims over respiratory-related medical equipment, the U.S. Justice Department said on Thursday.

The subsidiary, Philips RS North America LLC, formerly known as Respironics Inc, resolved allegations that it misled federal health care programs by paying kickbacks to durable medical equipment suppliers, the Justice Department said in a statement.

Philips subsidiary to pay over $24 million for alleged false claims for medical equipment

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What Will the Jobs Report Show? Six Wall Street Traders Try to Predict the Future

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