Brian Frosh

Olympus to pay $1.1 million in kickback scheme

Olympus to pay $1.1 million in kickback scheme

Maryland will receive $1.1 million from Olympus America Inc. under a settlement announced Tuesday over allegations the company paid kickbacks to doctors who bought their surgical equipment.

The lawsuit was filed by Attorney General Brian E. Frosh in conjunction with other states and the federal government. Maryland’s share is part of a $306 million total settlement.

Olympus and its subsidiaries were accused of using “improper financial incentives” to induce doctors and hospital executives to buy endoscopes and other surgical equipment to illegally boost sales and gain market share, Frosh said in a statement announcing the settlement.