Missouri Attorney General Jay Nixon said his office will hold a public hearing on the proposed acquisition of Health Midwest, Kansas City, Mo., by HCA, Nashville. The Nov. 18 hearing will take place in Kansas City and will focus on whether the decision to sell was influenced by conflicts of interest or self-dealing and whether the price and distribution of assets are fair. Under Missouri law governing the sale of nonprofit assets, Nixon has 20 days to approve or reject the deal once Health Midwest and HCA give notice of a definitive agreement. Health Midwest "is an essential player in the healthcare delivery system in Kansas City and steward to hundreds of millions of dollars of nonprofit assets," Nixon said in a written statement. "I intend to exercise the authority of my office to protect the public and these charitable assets in this transaction." Earlier this month, HCA and Health Midwest announced that they were in exclusive negotiations for HCA to acquire the system for $1.13 billion. -- by Julie Piotrowski
Mo. to hold public hearing on Health Midwest sale
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