CareFusion pays $41M to resolve allegations
SAN DIEGO – CareFusion, a manufacturer of home infusion pumps and respiratory products, has reached an agreement in principle to pay $41 million to the government to resolve an investigation related to prior sales and marketing practices and its relationships with healthcare professionals, according to a press release. The company will record the charge in the third quarter of fiscal year 2013 to establish a reserve for this amount. In connection with these matters, CareFusion has entered into a non-prosecution agreement, the release noted. “Since our spinoff (from Cardinal Health), we have made significant investments to improve our quality systems, including our sales and marketing practices, and we remain committed to adhering to the highest standards,” stated Kieran Gallahue, chairman and CEO. The agreement remains subject to several conditions, including the completion and execution of a formal settlement agreement and other required documentation, according to the release.