A Medical Device Daily
Community Health Systems (CHSI; Franklin, Tennessee) and Texas Health Resources (Arlington, Texas) reported that on Dec. 23, plaintiff Texas Health Resources and defendants Triad-Denton Hospital (Denton Texas), Triad-Denton Hospital LP, and certain of their affiliated companies reached a settlement in principle regarding an action pending in the U.S. District Court of the Eastern District of Texas.
Pursuant to the contemplated settlement, it is anticipated that on or before March 31, Triad-Denton Hospital and Triad-Denton Hospital LP will convey their partnership units in a partnership with Texas Health Resources that owns Presbyterian Hospital of Denton (Denton, Texas) and other related hospital assets to Texas Health Resources or an affiliated entity in return for an agreed consideration, and all claims will be released and the lawsuit will be fully resolved.
The settlement in principle is subject to completion and execution of a written settlement agreement and various other related documents, which the parties are hopeful, will be completed and executed in the near future. Since this remains a pending legal matter, the parties do not have any additional information to disclose at this time.