LifeWatch AG

EQS-Adhoc: LifeWatch AG: Whistleblower case settled


EQS Group-Ad-hoc: LifeWatch AG / Key word(s): Legal Matter
LifeWatch AG: Whistleblower case settled

08-March-2017 / 06:55 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Whistleblower case settled


Zug/Switzerland - LifeWatch AG (SIX Swiss Exchange: LIFE), a leading developer
and provider of medical solutions and remote diagnostic monitoring services in
the digital health market, is pleased to announce that the federal claims in
thequi tam("whistleblower"), case brought, in part, on behalf of the federal
government payors, Medicare, TriCare and Veterans Administration have been
dismissed with prejudice.

LifeWatch Services, Inc., the U.S. subsidiary of LifeWatch AG, was sued in aqui
tam, action in May of 2013. As previously communicated last June, the Relator
and LifeWatch settled the case for USD $12.75 million pending final approval by
the Unites States Federal Government.  All federal government approvals have
been received and payments all have now been made.  Consequently, on March 6,
2017, the federal court entered an order dismissing, with prejudice, all claims
for these federal healthcare programs.

Additionally, settlement of the dispute regarding the Medicaid programs for four
remaining states has been agreed to, in principle, totaling approximately USD
$50,000 to be paid out of the same agreed settlement amount.  The settlements
with these states should be completed in approximately six weeks.

LifeWatch is pleased to place this matter behind it and focus on a strong 2017.


About LifeWatch AG

LifeWatch AG, headquartered in Zug and listed on SIX Swiss Exchange (LIFE),
Switzerland, is a leading healthcare technology and solution company,
specializing in advanced digital health systems and wireless remote diagnostic
patient monitoring services. LifeWatch's services provide physicians with
critical information to determine appropriate treatment and thereby improve
patient outcomes. LifeWatch AG has operative subsidiaries in the United States,
in Switzerland and in Israel, and is the parent company of LifeWatch Services
Inc., and LifeWatch Technologies, Ltd. LifeWatch Services, Inc. is a leading
U.S.-based provider of cardiac monitoring services. LifeWatch Technologies Ltd.,
based in Israel, is a leading developer and manufacturer of telemedicine
products. For additional information, please visitwww.lifewatch.com.

Sign up for customized e-mail alerts and documentation requests at
https://www.lifewatch.com/Investor-Relations/Alert-Service.html

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 MUST
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.

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=BQIAVMQLGD
Document title: 20170308_LifeWatch_Whistle Blower_EN
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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  LifeWatch AG

          Baarerstrasse 139

          6300 Zug

          Switzerland

Phone:    +41 41 728 67 78

Internet: www.lifewatch.com

ISIN:     CH0012815459

Valor:    811189

Listed:   Regulated Unofficial Market in Berlin, Stuttgart; Open Market in
Frankfurt; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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551437  08-March-2017 CET/CEST
 



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