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Company: Vascular Solutions Inc.
Current Parent Company:
Teleflex
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $520,000
Year: 2014
Date: July 28, 2014
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Vascular Solutions Inc. agreed to pay $520,000 to resolve allegations that it caused false claims to be submitted to federal health programs by marketing a medical device for the ablation (or sealing) of perforator veins without FDA approval and despite the failure of its own clinical trial.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
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.