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Zimmer Biomet Reportedly Breached Deferred Prosecution Deal -

Court filings indicate that Biomet breached a 2012 deferred prosecution agreement (DPA) undertaken to resolve a foreign corruption investigation. Terms of the DPA may have been breached based upon conduct in Brazil and Mexico that was disclosed in 2014.

Then-Biomet (now Zimmer Biomet) had entered into the DPA to settle allegations of bribes paid to healthcare providers in Argentina, Brazil and China to secure hospital business. 

Sources: Reuters, WSJ.com

 

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