| Omnicare will settle kickback cases for $98M By the Associated Press NEW YORK (AP) -- Omnicare Inc., which dispenses drugs to nursing homes and long-term care facilities, will pay $98 million to settle allegations it paid kickbacks to nursing homes to gain business and also received kickbacks for buying and recommending drugs. The U.S. Department of Justice says Omnicare paid a $50 million kickback to two Atlanta nursing home chains, who were among its largest customers, to keep their business. The company, based in Covington, Ky., also allegedly got kickbacks for buying drugs from Ivax Pharmaceuticals, and from Johnson & Johnson for recommending its anti-psychotic drug Risperdal. Omnicare denies any wrongdoing. Ivax is also paying $14 million to end the investigation. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP material nor any portion thereof may be stored in a computer except for personal and non-commercial use. AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
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