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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.