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Court Rules Against Nonprofit in Portsmouth Hospital Ownership Battle

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The Portsmouth, N.H.-based nonprofit Foundation for Seacoast Health has lost its latest court battle against Nashville, Tenn.-based Hospital Corp. of America for ownership of Portsmouth Regional Hospital, according to a Foster's Daily Democrat report.

The New Hampshire Supreme Court largely upheld a 2011 ruling from Rockingham Superior Court, which stated that an HCA contract breach due to corporate restructuring wasn't enough to trigger a clause allowing the Foundation to buy the hospital back, according to the report. Additionally, the Supreme Court reversed an order requiring HCA to pay part of the Foundation's litigation fees.  

HCA acquired Portsmouth Regional Hospital from hospital trustees in 1983. The Foundation first went to court to attempt to buy the hospital back in 2006 after private investors obtained ownership of HCA's stock.

More Articles on Hospital Ownership:

Allina Health to Take Full Ownership of Regina Medical Center
Closed Sacred Heart Hospital Reportedly Had Interested Buyer
Banner Health to Acquire Union Hills Surgery Center, Convert to HOPD

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