LAWSUITS NEWS & LEGAL INFORMATION
Hospital Management
Natchez, MS: (Mar-19-08) Hale Hospital, a city-owned hospital in Haverhill, MA, brought a lawsuit against Quorum Health Resources, alleging that the health resources company significantly overstated financial statements and omitted losses in financial records. Haverhill's City Council President alleged that Quorum did not make the city council fully aware of the hospital's financial problems and the city had no opportunity to correct them.
Officials stated that a settlement had been reached between the two parties, in which Quorum Health Resources agreed to pay Hale Hospital $2.8 million to resolve allegations. Quorum's interim CFO at Natchez Regional, Joe Amato recently announced that the hospital's 2007 financial statements would be restated and show a loss, not a profit as recently reported.
This trend of problems is not just evident at Hale, but is affecting other Quorum-run hospitals around the country. As several hospitals face serious short-term financial problems and an uncertain long-term future, board members have called for a cancellation of Quorum's contract. Records show that despite Hale winning its suit against Quorum, the hospital was still forced to close. [THE NATCHEZ DEMOCRAT: NRMC NOT ALONE IN TROUBLES]
Published on Mar-21-08
Officials stated that a settlement had been reached between the two parties, in which Quorum Health Resources agreed to pay Hale Hospital $2.8 million to resolve allegations. Quorum's interim CFO at Natchez Regional, Joe Amato recently announced that the hospital's 2007 financial statements would be restated and show a loss, not a profit as recently reported.
This trend of problems is not just evident at Hale, but is affecting other Quorum-run hospitals around the country. As several hospitals face serious short-term financial problems and an uncertain long-term future, board members have called for a cancellation of Quorum's contract. Records show that despite Hale winning its suit against Quorum, the hospital was still forced to close. [
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