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Bayer Healthcare LLC To Pay $97.5 Million To Settle Kickback Probe
01 Dec, 2008 WorkersCompensation.com
As is common when settling a matter such as this, Bayer has decided to resolve this investigation to avoid the time, uncertainty, and expense of litigation. Bayer noted that funds for the settlement are covered by provisions.
The compliance processes have undergone continuous improvement in all areas of the company in the past years. In addition, employees receive regular training in order to promote understanding and compliance. As required by the CIA Bayer HealthCare will review and enhance these compliance programs and employee training.
Commenting on today's announcement, Arthur Higgins, Chairman of the Board of Management, Bayer HealthCare said, “We are satisfied that the issues in question in Bayer HealthCare Diabetes Care have been resolved. The last several years have been a period of continuing positive change and growth for our company,” he continued, “and we are eager to move forward, focus on our current business and most importantly, continue to be a valued and respected Health Care provider.”
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