The IRS decided the $800 million bond offering violated federal codes, as the offering overburdened the tax-exempt market and exceeded interest yield restrictions, according to the report.
Baptist Health has not admitted wrongdoing, and will settle to avoid the costs of a legal battle, according to the report.
More Articles on Hospital Lawsuits:
Riverside Methodist Hospital Faces EEOC Suit Over Firing of Narcoleptic Employee
St. Luke’s, Texas Heart Institute Postpone Court Date, Again
UPMC Sues Highmark Over Claims Made in Advertisements
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.
