Niagara Falls (N.Y.) Memorial Medical Center said it has reached an agreement to pay Ascension Health a $5 million lump-sum payment to end a legal dispute over debt related to the failed partnership between Niagara Falls Memorial and Ascension's Mount St. Mary's Hospital of Niagara Falls, Lewiston, N.Y. The hospitals dismantled a merger-like partnership in 1999 after two years, saying that operating two full-service hospitals was not financially viable. The settlement agreement also calls for an additional $8 million payment to Ascension if there is a sale or change of control over Niagara Falls Memorial. The providers have been in discussions for more than two years in an attempt to settle the dispute. -- by Julie Piotrowski
N.Y. hospitals end suit over 1999 breakup
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