Kansas City health care foundation wins $434M judgment
KANSAS CITY (AP) — The Health Care Foundation of Greater Kansas City has won a $434 million legal judgment in its dispute with a large national for-profit hospital chain.
A Jackson County court ruled Wednesday that HCA didn't come close to making the $450 million in promised capital improvements to the hospitals it purchased for $1.13 billion from Health Midwest in 2003.
The Kansas City Star reports that nonprofit Health Midwest was struggling financially when HCA bought its assets. The Health Care Foundation of Greater Kansas City was born out of the sale.
HCA's hospitals include the Research Medical Center in Kansas City, Missouri, and Menorah Medical Center in Overland Park, Kansas. It also owns Centerpoint Medical Center in Independence.
HCA said it plans to appeal the ruling and anticipates a decision by the end of 2016.