BP has agreed to pay a Florida hospital $1.4 million to cover business lost by the hospital as a result of the Deepwater Horizon oil rig explosion last year, according to a news release from the lawyers who represented the hospital.
BP to pay hospital for Deepwater Horizon losses
The partial settlement covers the business lost by 362-bed Bay Medical Center, Panama City, from May to October 2010, according to the release. That period covers the peak summer tourist season in Panama City, according to comments in the release attributed to Steve Johnson, Bay Medical’s president and CEO. The hospital experienced “a sharp decline” in patient volume because of the drop in tourism that the oil spill caused, according to Johnson.
The settlement is the first to be paid to a public healthcare facility, according to the lawyers. Bay Medical is controlled by a public hospital district, although it does not receive any tax subsidy, according to its website.
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