Trinity Health, Novi, Mich., agreed to pay $6 million to a healthcare foundation related to 205-bed Saint John's Health System, Anderson, Ind., that claimed it deserved a share of the proceeds from Trinity's sale of the system. Trinity filed the settlement in Madison County (Ind.) Superior Court one day after the expiration of a restraining order that barred Trinity from transferring any of the proceeds out of Indiana. Saint John's board claimed Trinity was making $35 million from the sale to St. Vincent Hospitals and Health Services, Indianapolis, and asked for $12 million for the charitable foundation. Trinity said it actually recorded a loss on the sale of $7 million to $9 million. A Trinity spokesman was unavailable for comment. -- by Patrick Reilly
Mich. system settles lawsuit over sale proceeds
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.