A civil settlement by a New Jersey teaching hospital and its faculty physician group marked the end of a long-running federal investigation known as Physicians at Teaching Hospitals, or PATH. The University of Medicine and Dentistry of New Jersey and University Physician Associates agreed to pay $1.4 million to resolve false-billing allegations without admitting wrongdoing. PATH, which began as a joint investigation by HHS' inspector general's office and the U.S. Justice Department, targeted claims for services by physicians that actually were provided by residents. The investigation was one of the most successful fraud probes to date in terms of recoveries; the U.S. recovered $134.6 million from 22 hospitals in PATH settlements and $94 million from 16 hospitals facing PATH-like allegations.
Siemens to acquire CTI
Siemens AG will acquire CTI Molecular Imaging, Knoxville, Tenn., a developer of PET and PET/CT technology, for approximately $1 billion in a deal expected to close in the second quarter, subject to regulatory approvals. The acquisition is a natural step in the companies' 18-year association and will strengthen Siemens' commitment in the area of molecular-imaging technology, Siemens said in a news release.