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.
POSTDATA: WARRANTY DEEDS