Ohio drug company agrees to pay $124M settlement

CLEVELAND (AP) — A Cincinnati firm has agreed to pay $124 million to settle two whistleblower lawsuits that alleged the company engaged in a kickback scheme with skilled-nursing facilities nationally.

The company, Omnicare Inc., is the nation's largest provider of drugs and pharmacy services to skilled-nursing facilities.

A Wednesday statement from the U.S. Department of Justice says Omnicare gave discounts to some facilities so they would keep the company as their drug provider for elderly Medicare and Medicaid recipients.

Omnicare said in a statement that it committed no wrongdoing and settled the case to end litigation.

The settlement stems from two whistleblower lawsuits, including one filed in Cleveland in 2010 by a former Omnicare employee. The settlement calls for that employee to receive more than $17 million.

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