LifeWatch AG

EQS-Adhoc: LifeWatch AG Files Motion to Dismiss Qui Tam Action

EQS Group-Ad-hoc: LifeWatch AG / Key word(s): Legal Matter
LifeWatch AG Files Motion to Dismiss Qui Tam Action

23.03.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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LifeWatch Files Motion to Dismiss Qui Tam Action

Neuhausen am Rheinfall, Switzerland, March 23, 2015 - LifeWatch AG (SIX
Swiss Exchange: LIFE), a market leader in the development and sale of
digital health solutions primarily for remote cardiac monitoring and sleep
apnea diagnostics, reports that on December 31, 2014, its U.S. subsidiary,
LifeWatch Services, Inc., was served with a qui tam ("whistleblower")
complaint under the U.S. Federal False Claims Act and a number of parallel
state laws. The matter, which was initially filed in May of 2013, remained
concealed from the Company and the public under special laws for qui tam
actions until it was unsealed by the court in December 2014. The Complaint
contains allegations related to billing processes for clinical services
provided offshore. Both the United States Federal Government and the State
of Texas declined to participate in the lawsuit. On March 20, 2015, the
Company - after careful evaluation of the procedural options - filed a
Motion to Dismiss the Complaint. While LifeWatch intends to vigorously
defend the lawsuit with the help of its lawyers, the Company itself remains
fully focused on its mission to provide high quality services to all
patients. The Company is also aware of applicable laws and regulations, has
a comprehensive compliance program and strives for full compliance with all
applicable laws and regulations being a crucial part of its corporate
policy.

At this time, consistent with internal policy not to comment on ongoing
court proceedings, no further details can be provided.


For Questions:
LifeWatch AG
c/o Dynamics Group, Philippe Blangey / Doris Rudischhauser
Telephone: +41 43 268 32 35 / 079 410 81 88
E-Mail: investor-relations@lifewatch.com

About LifeWatch AG:
LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX
Swiss Exchange (LIFE) in Switzerland, is a leading provider of digital
health systems and wireless telemetry monitoring services. The LifeWatch
services deliver important information to doctors for appropriate treatment
of their patients and better treatment results.  LifeWatch has operative
subsidiaries in the USA, Switzerland, Macedonia and Israel and is the
parent concern for LifeWatch Services, Inc. and LifeWatch Technologies,
Ltd.  LifeWatch Services, Inc. is a leading US provider of cardiac
monitoring services as well as sleep analysis for the diagnosis of
obstructive sleep apnoea syndromes (OSAS).  LifeWatch Technologies, Ltd. in
Israel is a leading developer and producer of digital health products.  For
further information, see www.lifewatch.com.

E-Mail Alert: In order to receive regular information and updates on
LifeWatch, please register at:
http://www.irlifewatch.com/alert-service.aspx.

This press release includes forward-looking statements. All statements
other than statements of historical facts contained in this press release,
including statements regarding future results of operations and financial
position, the business strategy, and plans and objectives for future
operations, are forward-looking statements. The words "believe," "may,"
"will," "estimate," "continue," "anticipate," "intend," "expect" and
similar expressions are intended to identify forward-looking statements.
LifeWatch AG has based these forward-looking statements largely on current
expectations and projections about future events and financial trends that
it believes may affect the financial condition, results of operations,
business strategy, short-term and long-term business operations and
objectives, and financial needs. These forward-looking statements are
subject to a number of risks, uncertainties and assumptions. In light of
these risks, uncertainties and assumptions, the forward-looking events and
circumstances described may not occur and actual results could differ
materially and adversely from those anticipated or implied in the
forward-looking statements. All forward-looking statements are based only
on data available to LifeWatch AG at the time of the issue of this press
release. LifeWatch AG does not undertake any obligation to update any
forward-looking statements contained in this press release as a result of
new information, future events or otherwise.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND
SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A
GENERAL
CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN
OFFER OF SECURITIES OF LIFEWATCH AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN
THE UNITED STATES, OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY
SECURITIES OF LIFEWATCH AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN
ADDITION, THE SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES
SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED
STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES
SECURITIES LAWS. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED
STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM
LIFEWATCH AG OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED
INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL
STATEMENTS OF THE ISSUER.

In case of doubt, the English Press Release is the original.

End of ad hoc announcement

+++++
Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=CTRXKYDBYQ
Document title: LifeWatch Files Motion to Dismiss Qui Tam Action

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23.03.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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Language:    English
Company:     LifeWatch AG
             Rundbuckstrasse 6
             8212 Neuhausen am Rheinfall
             Switzerland
Phone:       +41 52 632 00 50
Fax:         +41 52 632 00 51
Internet: www.lifewatch.com
ISIN:        CH0012815459
Valor:       811189
Listed:      Regulated Unofficial Market in Berlin, Stuttgart; Open
             Market in Frankfurt ; SIX


End of News    EQS Group News-Service
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