Kansas City HCA Takes A Hit After Lawsuit
KC Biz Journal reports financial drama for the local healthcare industrial complex juggernaut: "HCA Holdings Inc. took a charge-off in the fourth quarter for expenses related to a lawsuit with the Health Care Foundation of Greater Kansas City. It came during a quarter in which earnings were down. According to the company’s latest earnings report, released Tuesday, HCA recorded $175 million in legal fees for the case."
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The 'sale' of St. Joseph and St. Mary's hospitals will never happen.
It needs to.
$175,000,000.00 in legal fees?? At a thousand dollars per hour, that's. Still over 175 thousand hours of legal work
Maybe a settlement of $175M?
Oh Please! HCA has so many LLCs registered that, for this organization, creative accounting is as simple as making Jello. They create new billing codes, shift funds around and, given the recent suit where they deserved to loose their pants, it doesn't take a rocket scientist to guess HCA would start shuffling money around in order to take a write off or manipulate their tax posture. This outfit makes the real outfit look like Boy Scouts.
Let's remember Senator Callahan fought HCA's taking over the two Independence hospitals. He has been proven right again.
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