Fresenius Medical Care AG Rotten Score Breakdown

In March 2019, Fresenius Medical Care AG & Co. KGaA agreed to pay approximately $231 million to resolve U.S. Department of Justice and Securities and Exchange Commission investigations into Foreign Corrupt Practices Act violations. According to Fresenius's admissions, between 2007 and 2016 the company paid bribes to publicly employed health and government officials to obtain or retain business in Angola and Saudi Arabia. U.S. authorities also described accounting-control and books-and-records failures involving operations in Morocco, Spain, Turkey and countries in West Africa. The resolution included criminal penalties, disgorgement and an independent compliance monitor. Sources: U.S. Department of Justice https://www.justice.gov/archives/opa/pr/fresenius-medical-care-agrees-pay-231-million-criminal-penalties-and-disgorgement-resolve U.S. Securities and Exchange Commission https://www.sec.gov/newsroom/press-releases/2019-48