HCA paying $15M to settle KC foundation fight

HCA Holdings officials have agreed to pay $15 million to a Kansas City foundation set up more than a decade ago when the company acquired a network of nonprofit hospitals. The settlement between HCA and the Health Care Foundation of Greater Kansas City ends a dispute over how much charitable care the Nashville-based hospital company provided in the decade following its acquisition.

HCA Midwest did not say what its exact charity care spending has been, but a court-ordered accounting audit helped arrive at the $15 million settlement.

The charity settlement doesn’t affect litigation in which the foundation has charged that HCA also failed to spend contractually promised amounts on capital improvements at the former Health Midwest properties, including Research Medical Center, Menorah Medical Center and Overland Park Regional Medical Center.

Read the full story from the Kansas City Star here.

Read more here: http://www.kansascity.com/news/business/article9729083.html#storylink=cpy
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HCA deal to buy two Kansas City hospitals is off

FTC issues dissolve deal between local giant, Ascension Health
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Churchill Mortgage adds KC to office network

Fast-growing Churchill Mortgage has added a retail office in Kansas City to its network. The new branch — Brentwood-based Churchill's sixth opening in the past year — is being led by a lender who has in the past worked at First Federal Bank and Security Savings Bank.

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Clarksville bank sues over peer’s name

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HCA inks deal for KC hospitals

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May 3, 2013 7:20 AM

CareSpot begins Kansas City-area expansion efforts

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Apr 4, 2013 7:15 AM

HCA said to be scouting another KC acquisition

Representatives of the board of North Kansas City Hospital say they have had preliminary talks with a group representing HCA Holdings but city officials say the hospital is not and has not been for sale. There's plenty of local political intrigue at play —  the hospital board sued the city last year — but from Nashville, the message is much more clear: The for-profit hospital sector's largest player (Ticker: HCA) is hungry for more deals. Early this year, it acquired a large physician group in Kansas City.

Mar 15, 2013 6:59 AM

Fox17 getting new news director

The team at WZTV Fox 17 will on March 4 be joined by industry veteran Bryan McGruder, who will fill the spot of news director. McGruder, who replaces Roberta Petterson, comes to Nashville from the Fox affiliate in Kansas City. Before going to Missouri, McGruder spent two decades at stations in Mississippi, Alabama, Georgia and Memphis.

Feb 28, 2013 7:04 AM

Judge orders HCA to pay up big in KC foundation tussle

A judge has ordered HCA Holdings to pay more than $160 million to a Kansas City foundation created after the local hospital giant acquired a network of facilities in that city in 2003. At issue in a lawsuit was whether HCA lived up to its commitments to spend $450 million on capital projects over five years. The foundation said the company has over the years shifted its attention away from its urban Kansas City facility and emphasized its more affluent suburban sites. HCA officials said Thursday they will appeal the judgment.

The New York Times has its own take, which includes a heads up that other for-profit hospital operators — including just about every other locally based company — could find themselves under similar scrutiny.

Jan 25, 2013 6:59 AM