Medical company received a $10 million government loan 2 weeks after paying $6.5 million for allegedly overcharging the US for veteran's care
President Donald Trump signs the Paycheck Protection Program and Health Care Enhancement Act in the White House on April 24.received $10 million from the government's Paycheck Protection Program two weeks after paying the government $6.5 million to resolve allegations it had been knowingly overcharging for medical supplies.Last year the company was also sued for exaggerating its revenue to investors. That case was settled and no fault was admitted.
The government's Paycheck Protection Program is a core part of the Trump administration's attempts to protect the economy from the impact of restrictions and social distancing.A biopharmaceutical company received $10 million from the government's Paycheck Protection Program two weeks after paying the government $6.5 million to resolve Justice Department allegations that it had been knowingly overcharging for medical supplies.
According to The New York Times report, MiMedx Group has paid the $6.5 million, meaning the government has effectively paid it back, and then some.
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