Anti-kickback Charges Against Exactech Dropped (Walter Eisner @ OTW)
Exactech, Inc.'s Deferred Prosecution Agreement (DPA) with the U.S. Attorney's Office in New Jersey has expired.
With this expiration, all charges filed against the company in 2010 for conspiring to commit violations of the Federal Anti-kickback Statute have been dropped.
The company remains under a Corporate Integrity Agreement (CIA) administered by the U.S. Department of Health and Human Services' Office of Inspector General. The CIA remains in effect until December 7, 2015. Other orthopedic companies with expired DPAs are also under continued CIAs.
The company, according to Exactech Chairman and CEO Bill Petty, M.D., now has the systems in place to ensure, "effective [and] efficient compliance." In a March 15 press release, Petty added, "We will continue to practice the highest standards of ethics, which have been and will continue to be hallmarks of our corporate culture."
With this expiration, Wright Medical Technology, Inc., remains the last significant orthopedic company still operating under a DPA. Exactech voluntarily extended the original terms of the DPA for three months back in December, 2011. Wright M...
