Fiduciary failure

Carlson, Joe
June 2011
Modern Healthcare;6/6/2011, Vol. 41 Issue 23, p18
Trade Publication
The article reports that Lifespan Corp. has violated its fiduciary duty to act in the best interests of a subsidiary hospital, according to a ruling by U.S. District Judge Joseph Laplante. The May 24, 2011 ruling also ordered Lifespan to pay 14.2 million U.S. dollars to Tufts Medical Center due to gross negligence in managing the payer contracts of the hospital. Laplante points out the failure of Lifespan use its larger corporate size to competitively negotiate rates with Cigna Corp. and UnitedHealthcare, two of Tufts' national insurance carriers.


Related Articles

  • Briefs.  // Modern Healthcare;5/18/2015, Vol. 45 Issue 20, p2 

    The article offers news briefs related to medical care in the U.S. as of May 2015 which include training provided to New York state hospitals by the state's attorney general officer, decline in surplus of Catholic hospital, and sale of its medicaid business to Molina Healthcare by HealthPlus.

  • Tenet takes diplomatic approach to billionaire investor agreement. Barkholz, Dave; Herman, Bob // Modern Healthcare;1/25/2016, Vol. 46 Issue 4, p0010 

    The article looks at Tenet Healthcare Corp.'s diplomatic approach to billionaire Larry Robbins and his company Glenview Capital Management. Topics discussed include the equity stakes owned by Robbins and Glenview Capital in healthcare providers Community Health Systems, HCA, and Tenet, the...

  • Tug of war. Galloro, Vince // Modern Healthcare;5/9/2011, Vol. 41 Issue 19, p12 

    The article focuses on the decision of Community Health Systems to increase its offer to acquire Tenet Healthcare Corp. A motion has been filed by Tenet to begin discovery in its federal lawsuit against Community, outlining the documents that Tenet contends shareholders need to see in order to...

  • Assertive or antiquated. Carlson, Joe // Modern Healthcare;12/12/2011, Vol. 41 Issue 50, p6 

    The article cites the plan of ProMedica to appeal to the U.S. 6th Circuit Court of Appeals in Cincinnati, Ohio, if the Federal Trade Commission (FTC) uphold an administrative law judge's order that the system divest Saint Luke's Hospital which it acquired in 2010. The judge concluded that the...

  • Breaking it off. Evans, Melanie // Modern Healthcare;10/1/2012, Vol. 42 Issue 40, p4 

    The article reports on the decision by West Penn Allegheny Health System to end its merger negotiations with insurer Highmark. Jack Isherwood of West Penn Allegheny explains that the new merger terms issued by Highmark will alter the course of the firm and its strategic vision. It notes that the...

  • New deal. Lee, Jaimy // Modern Healthcare;10/1/2012, Vol. 42 Issue 40, p16 

    The article reports on the acquisition of Landmark Medical Center in Woonsocket, Rhode Island by Prime Healthcare Services following a failed deal with Steward Health Care System. President/Chief Executive Officer (CEO) Prem Reddy says Prime Healthcare is aware of the importance of acute-care...

  • Lovelace Health System to sell health plan to Health Care Service Corp. Demko, Paul // Modern Healthcare;11/18/2013, Vol. 43 Issue 46, p6 

    The article informs that finance company Lovelace Health System Inc. is getting out of the insurance business with a deal to sell its affiliated health plan to Health Care Service Corp., an insurance company.

  • Hospitals quicken moves into insurance market. Evans, Melanie // Modern Healthcare;5/26/2014, Vol. 44 Issue 21, p14 

    The article discusses the 2014 annual conference organized by the Healthcare Financial Management Association, Citigroup Inc. and the American Hospital Association, focused on hospitals risk based contracts with insurers. Featured people include Patrick Fry, chief executive officer (CEO) of...

  • UnityPoint reports weaker financial results. Herman, Bob // Modern Healthcare;6/9/2014, Vol. 44 Issue 23, p6 

    The article offers information on the financial performance of West Des Moines, Iowa-based health system UnityPoint Health as of June 9, 2014, and also mentions that the organization Meriter Health Services in Madison, Wisconsin joined UnityPoint in January 2014.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics