Norton Healthcare, UofL reach agreements, end litigation

Long term deal ensures stability and growth for Children’s Hospital

Norton Healthcare and the University of Louisville today announced they have reached agreements which end more than five years of negotiations and more than two years of litigation. The University of Louisville Physicians group and the Commonwealth of Kentucky are also parties to the agreements.

“This is great news for the Louisville community and the Commonwealth,” said Donald H. Robinson, chair of the Norton Healthcare board of trustees. “The agreements clear up critical land lease and ownership issues as well as bringing operational security to Norton while assuring stable financial support to the UofL School of Medicine in pediatrics. The real winners here are the families who depend on our children’s hospital for their child’s care.”

“We reached fair and mutually beneficial agreements that extend our long-time relationship for providing the highest level of pediatric care to the children of the Commonwealth and beyond,” said Larry Benz, chair of the UofL board of trustees. “Both organizations are passionate about fulfilling their missions in this regard. We are now focused on how our organizations will combine our strengths to make Kosair Children’s Hospital a top tier pediatric hospital in the United States.”

The agreements include an amendment to the 1981 land lease between Norton and the Commonwealth for the children’s hospital property which results in a permanent solution, one that secures Norton’s ownership and control of the hospital, confirmed by the Commonwealth and UofL. It also makes it possible for Norton to continue plans for more than $35 million in additional capital improvements to its children’s hospital over the next five years. Those plans had been held up due to the litigation.

Read the full article...