Ad-hoc | 27 October 2004 07:45
Fresenius Medical Care reports receipt of DOJ subpoena
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Fresenius Medical Care reports receipt of DOJ subpoena
Fresenius Medical Care AG (“the Company”) (Frankfurt Stock Exchange: FME,
FME3) (NYSE: FMS, FMS-p), the world’s largest provider of Dialysis Products
and Services, today announced that its wholly owned subsidiaries, Fresenius
Medical Care Holdings, Inc. and Spectra Renal Management, received on October
26, 2004 subpoenas from the U.S. Department of Justice, Eastern District of
New York. The subpoenas require production of a broad range of documents
relating to the company’s operations, with specific attention to documents
relating to testing for parathyroid hormone (PTH) levels and vitamin D
therapies. The company will cooperate with the government’s investigation.
Fresenius Medical Care North America (“FMC-NA”) has operated since 1999 with
one of the leading compliance programs in the US healthcare industry. The
company is firmly committed to compliance; the rigorous compliance program
involves ongoing evaluation of business operations, compliance training for
all employees, and audits of laboratory and dialysis services programs. FMC-
NA’s compliance program and its compliance audits, are subject to review each
year by an independent review organization, and FMC-NA reports the results to
the Office of the Inspector General. The company will seek to meet with
representatives of the government to discuss the issues addressed in the
subpoena and is optimistic that the controls imbedded in the compliance
program will be well received.
Fresenius AG (WKN 578560, 578563) holds a majority interest in Fresenius
Medical Care’s ordinary capital.
Fresenius Medical Care AG, Board of Management,
Bad Homburg v.d.H., October 27, 2004
end of ad-hoc-announcement (c)DGAP 27.10.2004
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WKN: 578580; ISIN: DE0005785802; Index: DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
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270745 Okt 04