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Tag: royal philips nv

Following ProPublica Expose, White House Cancels $647M Ventilator Deal

Reprinted with permission from ProPublica

The federal government is backing out of a controversial $646.7 million deal to buy ventilators from Royal Philips N.V., acting before the company had delivered a third of the order.

The deal has been the focus of several ProPublica stories since March. That reporting prompted a congressional investigation that last month found “evidence of fraud, waste and abuse" in the acquisition of the Philips ventilators.

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