Healthcare Finance News December 10, 2024
Plaintiffs say a hospital subcommittee is giving the facility away to Deaconess for “virtually nothing in return.”
A group called Save Jennie Stuart has filed a lawsuit seeking to stop Deaconess Health’s planned acquisition of Jennie Stuart Medical Center in Hopkinsville, Kentucky.
According to the plaintiffs, the decision to file suit against the hospital’s board of directors was made after an investigation into the value of Jennie Stuart Medical Center, as well as a consultation with financial experts.
This investigation, the plaintiffs said, showed that “the fair market value of Jennie Stuart is substantial and the Jennie Stuart Board has breached its fiduciary duties to the hospital by agreeing to essentially transfer the hospital and all of its assets...
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