The U.S. attorney's office in Boston has asked Medtronic to turn over documents in a False Claims Act investigation into the relationship between the company's CoreValve division and cardiologists with the Lahey Clinic in Burlington, Mass.
Feds seek documents from Medtronic
The Minneapolis-based devicemaker disclosed the investigation in its report to the U.S. Securities and Exchange Commission for the quarter ended Jan. 29. Medtronic said it would cooperate with the request, received Feb. 22. No further details were disclosed.
Medtronic paid $700 million in 2009 to acquire CoreValve, which produces technology allowing transcatheter aortic valve replacement to a beating heart.
The Lahey Clinic, which operates a 327-bed hospital—Lahey Clinic Hospital—responded to a request for comment with a written statement saying the organization has been contacted by the U.S. attorney's office and “will be fully cooperating in this matter.”
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