May 28, 2017 4:18 AM ET

Healthcare Equipment and Supplies

Company Overview of Atrium Medical Corporation

Company Overview

Atrium Medical Corporation designs, develops, manufactures, and distributes medical devices. It offers ventricular assist device components, minimally invasive gastro-intestinal devices, arterio-venous access and peripheral by-pass devices, endovascular devices, coronary and peripheral angioplasty/stent deployment catheters, artificial heart components, soft tissue repair/support components, and balloon catheter components. The company also provides online training courses that focus on emerging techniques and technologies used in the treatment of patients with complex conditions for physicians. It serves healthcare markets, including interventional cardiology and radiology, chest trauma car...

5 Wentworth Drive

Hudson, NH 03051

United States

Founded in 1981

Phone:

603-880-1433

Fax:

603-880-6718

Key Executives for Atrium Medical Corporation

President
Founder and Chairman
Chief Financial Officer and Managing Director - La Ciotat
Vice President of Operations
Senior Vice President of Finance & Administration
Compensation as of Fiscal Year 2016.

Atrium Medical Corporation Key Developments

Ohio Woman Sues Atrium over C-Qur Hernia Mesh Injuries

Willie Calloway sued Atrium Medical Corporation in Pennsylvania federal court this month over allegations its C-Qur hernia mesh caused significant damage to some of her abdominal organs. Willie was implanted with Atrium's C-Qur mesh in 2010 while undergoing surgery to repair a hernia in her belly button. Five years later, Willie was back in the hospital for a second surgery to repair the hernia again. She said in her lawsuit that for several years she had a painful lump where the C-Qur mesh had been placed. When doctors went in to repair her recurrent hernia, they found large amounts of adhesions between the C-Qur mesh and her small bowel. Surgeons had to remove two feet of her bowel because the damage was so extensive. Willie accused Atrium Medical of designing a defective hernia mesh and failing to warn about its risks. She alleged Atrium's negligence caused her significant injuries, which included chronic inflammation, adhesions, and an embedded mesh. She sued Atrium and its parent companies Maquet and Getinge Group, asserting claims for four counts, including defective manufacture and design, failure to warn, and negligence.

Atrium Medical Corp. Agrees to $11.5 Million Settlement in Texas False Claims Act Case

Attorneys representing whistleblower Esther Grace Sullivan have reached an $11.5 million settlement with Atrium Medical Corp. over claims that the company paid improper kickbacks to doctors for promoting the unapproved use of medical stents in patients' arteries. The settlement is one of the largest in U.S. history under the federal False Claims Act involving a medical device where the government declined to intervene. The Dallas law firm Standly Hamilton, LLP, joined the case on Ms. Sullivan's behalf in 2014. A former sales representative and territory business manager for Atrium from 2007 to 2012, Ms. Sullivan alleged that the company engaged in an extensive nationwide scheme to promote its iCast brand stent for use in the vascular system even though it was federally approved only for treating tracheobronchial obstructions. According to the lawsuit, Atrium used a system of referral dinners to induce physicians to implant the stents in the arteries of elderly patients while submitting payment claims to Medicare. The lawsuit also alleged Atrium provided financial grants and other kickbacks to doctors in violation of the federal Anti-Kickback Statute. Atrium sold an estimated $382 million in iCast stents from 2007 to 2012. Ms. Sullivan said she believed nearly 100% of those were implanted for unapproved uses and that more than 70% were paid for by Medicare, Medicaid, military hospitals and the U.S. Department of Veterans Affairs. In addition to Mr. Hamilton, the legal team representing Ms. Sullivan included Meagan Martin and Kevin Colquitt from Standly Hamilton and attorneys from Waters & Kraus, LLP, in Dallas; Taibi Kornbluth Law Group, P.A., in Durham, North Carolina; and The Law Offices of Jeffrey A. Newman & Associates in Boston. The court issued an order on July 22 dismissing the case following the settlement announcement.

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