Rochester settles with GPO
This article was originally published in The Gray Sheet
Executive Summary
Hospital group purchasing organization Premier will pay catheter manufacturer Rochester Medical $8.8 mil. in an antitrust settlement, firm announces Nov. 20. A 2004 suit by Rochester claimed that Premier received kickbacks from certain manufacturers, leading it to dismiss smaller competitors. Litigation continues against CR Bard and Tyco, and GPO's Novation and VHA. Rochester alleges that defendants conspired to create a monopoly power among healthcare providers, interfering with Rochester's contracts and disparaging its products, which include the Release-NF Foley catheter. The Medical Device Manufacturers Association has been pushing to remove GPO protections from federal anti-kickback laws (1"The Gray Sheet" June 26, 2006, p. 8)...
You may also be interested in...
Rochester and Bard settle
C.R. Bard pays catheter manufacturer Rochester Medical $49 mil. to resolve an antitrust lawsuit, the firms announce Dec. 14. Rochester's 2004 suit alleged that Bard, Tyco, and group purchasing organizations Premier, Novation and VHA conspired to create a monopoly among healthcare providers. Premier was dismissed from the complaint in November under an $8.8 mil. settlement agreement (1"The Gray Sheet" Nov. 27, 2006, In Brief). Litigation continues against the other defendants in the case, which is scheduled to go to trial in May 2007...
MDMA Pushes To Remove Safe Harbor For Group Purchasing Organizations
The Medical Device Manufacturers Association is seeking legislation to repeal the exemption that protects group purchasing organizations (GPOs) from federal anti-kickback laws
Ultrahuman Expands Wearable Medtech Production Into US After $35M Funding Round
Firm operating in London, India and United Arab Emirates says its “Ultra Factory” will open in Indiana within the next six months with end-to-end production based on its operational facility in India.