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Company: Accredo Health Group
Current Parent Company:
Cigna
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $60,000,000
Year: 2015
Date: May 1, 2015
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Secondary Offense: fraud
Mega-Scandal:
Healthcare Kickbacks
Violation Description: The United States Attorney for the Southern District of New York and the U.S. Department of Health and Human Services announced a $60 million settlement of a civil fraud lawsuit against Accredo Health Group concerning an alleged kickback scheme with Novartis Pharmaceuticals.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.