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
