On Air Now

Current Show

Jay Mohr Sports   12:00 PM - 3:00 PM

Follow Jay Mohr on twitter@JayMohrSports

Show Info »

Upcoming Shows

Program Schedule »

Tune in to Listen

1660 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
61° Feels Like: 61°
Wind: WSW 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 62°

Tonight

Clear 45°

Tomorrow

Sunny 74°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Omnicare in $124 million settlement over alleged kickbacks

WASHINGTON (Reuters) - Omnicare Inc will pay $124 million to resolve allegations that it paid kickbacks to secure contracts to supply drugs to nursing homes with Medicare and Medicaid patients, the U.S. Justice Department said on Wednesday.

The company entered below-cost contracts to supply medications to induce the facilities to select Omnicare as their pharmacy provider, the agency said.

Omnicare, which disclosed its agreement to settle the investigation last October, denied any wrongdoing and said the settlement was not an admission of liability.

"Omnicare is committed to ensuring that it remains in strict compliance with all applicable laws, regulations and standards in each of the markets and jurisdictions in which it operates," it said in a statement.

(Reporting by Aruna Viswanatha; Editing by Doina Chiacu)

Comments