ALBANY, N.Y. (Legal Newsline) — New York Attorney General
Eric T. Schneiderman has announced a joint settlement with the federal government
and a coalition of states that resolves allegations that Olympus Corporation of
the Americas paid illegal kickbacks to health care providers.
Olympus allegedly induced doctors and hospital executives to
buy endoscopes and other medical equipment through the use of improper
financial incentives, such as grants, fellowships, consulting payments and free
trips. These allegations represent a violation of federal and state False
“If you are a company that prioritizes profits over
patients, we will hold you accountable,” Schneiderman said. “Health care
providers cannot make decisions that are swayed by illegal kickbacks, and we are
committed to ensuring that Medicaid recipients are receiving the best care
Olympus settled nationally for $306 million. Of that, $7.7
million dollars in damages will go toward the state of New York.
Representing the New York team in the case was Meghan
Collins, associate special auditor investigator of the Medicaid Fraud Control
Unit’s Civil Enforcement Unit.