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Corporation
ocom.com

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Investments

1

Portfolio Exits

1

About Ocom

Ocom is an internet services company and its subsidiaries provide sustainable internet services that enable individuals and businesses to establish, maintain, and evolve an online presence.

Ocom Headquarter Location

Luttenbergweg 8

Amsterdam, 1101 EC,

Netherlands

+31(0)20-3162-899

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Latest Ocom News

Oklahoma City hospital, physician group to pay $72 million false claims settlement

Jul 9, 2020

Modern Heatlhcare Illustration / Getty Images The Department of Justice has reached a $72.3 million settlement with a division of Tenet Healthcare Corp. over false claims submitted between an Oklahoma City specialty hospital and physician group. The agreement announced Wednesday resolves False Claims Act allegations covering Medicare, Medicaid and Tricare claims submitted by the Oklahoma Center for Orthopaedic and Multi-Specialty Surgery, its part-owner and management company, Tenet-owned USP OKC Inc., Southwest Orthopaedic Specialists and two physicians. In exchange for patient referrals, OCOM and USP allegedly gave SOS and certain doctors money, free or reduced price office space, employees and supplies and preferential investment opportunities. The settlement, which does not determine liability, covers conduct that allegedly took place between 2006 and 2018. "Offering illegal financial incentives to physicians in return for patient referrals undermines the integrity of our healthcare system," Ethan Davis, acting assistant attorney general with the DOJ's civil division, said in a statement. "Patients deserve the independent and objective judgment of their healthcare professionals." Under the settlement, USP will pay about $61 million to the federal government, $5 million to Oklahoma and $206,000 to Texas, where some of the physicians were located. SOS and two of its physicians, Dr. Anthony Cruse and Dr. R.J. Langerman, will pay $5.7 million to the U.S. and about $500,000 to Oklahoma. OCOM and SOS have also entered five-year corporate integrity agreements with HHS' Office of Inspector General. The agreements require OCOM and SOS to maintain compliance programs and hire an independent review organization to assess arrangements entered into by or on behalf of the organizations. An OCOM spokeswoman said in a statement that the practice has taken numerous steps to strengthen its compliance safeguards and to ensure its programs and staff meet the highest standards of integrity. "We are a stronger organization today with tighter processes, sharper controls, more stringent compliance, oversight and a culture that supports our values," she said. SOS did not respond to a request for comment. The allegations were brought in a federal qui tam lawsuit filed by a whistleblower, who also alleged claims under the Oklahoma Medical False Claims Act. The whistleblower's share of the settlement has not yet been determined. Correction: The Department of Justice misstated the settlement amount in an earlier release. The error has been corrected. Letter

Ocom Investments

1 Investments

Ocom has made 1 investments. Their latest investment was in Aperi as part of their Series A on July 7, 2019.

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Ocom Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/3/2019

Series A

Aperi

$10M

Yes

3

Date

7/3/2019

Round

Series A

Company

Aperi

Amount

$10M

New?

Yes

Co-Investors

Sources

3

Ocom Portfolio Exits

1 Portfolio Exit

Ocom has 1 portfolio exit. Their latest portfolio exit was Aperi on March 06, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/6/2020

Acquired

$99M

1

Date

3/6/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Ocom Acquisitions

1 Acquisition

Ocom acquired 1 company. Their latest acquisition was SynEdge on April 26, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/26/2018

$99M

Corporate Majority

1

Date

4/26/2018

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Corporate Majority

Sources

1

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