Overview

• Justice Department officials said the agreement resolves allegations that Exactech caused false claims to Medicare, Medicaid, and the VA by marketing knee devices that allegedly failed prematurely.
• Prosecutors outlined claims that a finned tibial tray was known to fail at higher-than-acceptable rates from January 2008 yet was sold through December 31, 2018.
• They also cited alleged premature failures in polyethylene components used in Logic and Truliant systems, known as early as January 2019 and sold through February 7, 2022.
• Exactech will pay $7.64 million to the federal government and $360,000 to states through separate agreements, with the settlement reflecting the company’s financial condition in Chapter 11.
• Whistleblowers will receive $1,329,360 from the Alabama case and $565,360 from the Maryland case, and officials emphasized patient safety while noting no determination of liability.