litigation
confidence high
sentiment negative
materiality 0.85
OPKO Health settles DOJ investigation for $10M; admits improper physician payments
OPKO HEALTH, INC.
- Settlement resolves False Claims Act allegations; total payment $10M plus 1.5% annual interest from Sep 2021.
- Admits BioReference paid above-fair-market rent to physician groups from Jan 2013 to Mar 2021.
- OPKO and BioReference entered a 5-year Corporate Integrity Agreement with enhanced compliance obligations.
- Annual meeting approved all 13 director nominees, say-on-pay, and equity plan increase to 60M shares.
- Ernst & Young ratified as independent auditor for FY 2022.