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VOL. 128 | NO. 83 | Monday, April 29, 2013

Settlement With Nonprofits Could Bring $40 Million

AP

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NASHVILLE (AP) – A long-standing legal dispute between two publicly traded healthcare companies and the receiver for two Tennessee non-profit corporations could ultimately result in $40 million going to charities in the Volunteer State.

State Attorney General Bob Cooper's office announced Friday that a settlement had been reached between National Health Investors, National HealthCare Corp. and the court-appointed receiver for two Tennessee nonprofits.

Cooper had previously asked a Nashville judge to place NHI and NHC in receivership. The receiver turned around and sued the companies over concerns about the financial terms in deals involving nursing home facilities sold to nonprofits.

Cooper's office said the settlement terms, along with the liquidation of assets, will result in a $40 million payout.

The settlement still has to be approved by a court.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 75 18,898
MORTGAGES 0 100 24,294
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 178 335 40,937
BANKRUPTCIES 69 115 14,237
BUSINESS LICENSES 20 42 5,862
UTILITY CONNECTIONS 0 82 21,884
MARRIAGE LICENSES 21 44 5,106

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