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Company: EV3 Inc.
Current Parent Company:
Medtronic
Parent at the Time of the Penalty Announcement:
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Penalty: $1,250,000
Year: 2015
Date: February 5, 2015
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Medical device manufacturer ev3 Inc., formerly known as Fox Hollow Technologies Inc., agreed to pay the United States $1.25 million to resolve allegations under the False Claims Act that Fox Hollow caused certain hospitals to submit false claims to Medicare for unnecessary inpatient admissions related to minimally-invasive atherectomy procedures.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: Ireland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical devices
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
