Wright Medical Group, Inc. Reaches Agreements with U.S. Attorney’s Office and OIG (EON)
Wright Medical Group plans to cut 80 workers (Huffington Post)
6% of workforce cut across all functions (30-40 in Memphis, 60-70 in ROW)
European operations are scaled back to basic sales and distribution
Restructuring will cost $25M - $30M
DOJ monitoring will be extended for another year (until Sept 2012)
As a result of the monitoring extention, the USAO agreed not to take any additional action at this time
Corporate Integrity Agreement (CIA) will stay in place until Sept 2015
Wright Medic...
