OPKO Health unit to pay $10 mln to resolve U.S. probe into lab referrals [Reuters]
Opko Health, Inc. (OPK)
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Source: Reuters
(Reuters) - Healthcare company OPKO Health Inc has agreed to pay $10 million to resolve allegations that a unit that provides laboratory services rented office space from doctors at above-market rates so the physicians would send business its way. The U.S. Department of Justice said the settlement with clinical laboratory operator BioReference Health LLC and its parent company OPKO would resolve claims that first arose in a whistleblower lawsuit filed in Boston federal court. The government alleged that from 2013 to 2021, BioReference paid rent to physician practices for office space at amounts that exceeded fair market value, in violation of the Physician Self-Referral Law and the Anti-Kickback Statute. “Medical decisions by doctors should be based on what is best for each patient, not a doctor's personal financial interest,” Massachusetts U.S. Attorney Rachael Rollins said in a statement. The bulk of the settlement, $9.85 million, will go to the federal government, while th
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OPK
News
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- OPKO Health, Inc. (NASDAQ: OPK) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- OPKO Health (OPK) to Restructure After Asset Buyout by Labcorp [Yahoo! Finance]Yahoo! Finance
- OPKO Health, Inc. (NASDAQ: OPK) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $1.50 price target on the stock.MarketBeat
OPK
Earnings
- 2/27/24 - In-Line
OPK
Sec Filings
- 3/29/24 - Form 4
- 3/29/24 - Form 4
- 3/29/24 - Form 4
- OPK's page on the SEC website