Akron, Ohio-based Summa Health System has filed a lawsuit in hopes of keeping its minority ownership in Western Reserve Hospital in Cuyahoga Falls, Ohio, according to an Akron Beacon Journal report.
Summa has controlled 40 percent of the venture that owns Western Reserve since 2009. However, the 200 physicians that operate the facility with Summa are seeking to end the partnership and take full control of the facility.
In November 2014, the physician-owners eliminated Summa from the joint venture that controls Western Reserve, and in its lawsuit, Summa claims that its participation was wrongly terminated, according to the report.
Summa is seeking a court order forcing the hospital to recognize its 40 percent minority stake in the joint venture.
The dispute between Summa and the physician-owners of Western Reserve dates back to 2013 when Summa entered into an agreement giving minority ownership of the hospital to Cincinnati-based WellSpan. The physician-owners are displeased with the agreement and contend it forces Summa to limit where Western Reserve offers services and also "places a $10 million cap on the amount the health system can invest in a planned new hospital building for Western Reserve," according to the report.
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