Virtua Health sued Trinity Health over $12 million in legal fees related to Lourdes acquisition lawsuit

Virtua-Lourdes-Trinity-Health-Lawsuit-Deborah-Hear News

Virtua Health sued Trinity Health over $12 million in legal fees related to Lourdes acquisition lawsuit
United States Latest News,United States Headlines
  • 📰 PhillyDailyNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 67%

Virtua says Trinity promised to indemnify it for the costs of a lawsuit, but has refused to pay.

Virtua Health sued Trinity Health over $12 million in legal fees related to Lourdes acquisition lawsuitPublishedVirtua Health sued Trinity Health in New Jersey federal court Wednesday, seeking reimbursement for more than $12 million in legal fees and other costs related to a 2019 transaction between the two nonprofit health systems.from Trinity. Another South Jersey hospital, Deborah Heart & Lung Center in Browns Mills, sued Trinity to block the deal.

Virtua anticipated that Deborah would add Virtua as a defendant. That’s why Virtua refused to complete the deal unless Trinity agreed to indemnify Virtua for losses related to Deborah’s lawsuit, according to Virtua’s new complaint. Trinity accepted an indemnity clause that was added to the sales agreement, a court document shows.Now Trinity refuses to pay the $12 million, “which amounts to a small fraction of Trinity’s litigation war chest,” Virtua’s complaint said. Trinity had $21.

Virtua said it does not comment on pending litigation. Trinity did not respond to an emailed request for comment.Cooper University Health Care

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PhillyDailyNews /  🏆 89. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Owen Wilson Turned Down $12 Million to Star in O.J. Simpson Conspiracy MovieOwen Wilson Turned Down $12 Million to Star in O.J. Simpson Conspiracy MovieOwen Wilson turned down $12 million to play Douglas McCann in a controversial movie about O. J. Simpson called The Juice.
Read more »

Owen Wilson Turned Down $12 Million Offer for Movie About O.J. SimpsonOwen Wilson Turned Down $12 Million Offer for Movie About O.J. SimpsonOwen Wilson turned down $12 million to star in a movie about how O.J. Simpson might have been innocent of killing ex-wife Nicole Brown and Ronald Goldman
Read more »

Parents Rave Over $12 Bento-Style Lunch BoxParents Rave Over $12 Bento-Style Lunch BoxReviewers also say they prefer it to pricier options from brands like Bentgo.
Read more »

Shiba Inu Bags $12 Million From Investors to Develop Shibarium SuccessorShiba Inu Bags $12 Million From Investors to Develop Shibarium SuccessorShiba Inu (SHIB) grabs $12 million in funding to develop L3
Read more »

Your utility bills may be $12 more per month by the end of 2024Your utility bills may be $12 more per month by the end of 2024While energy prices have stabilized, routine adjustments are coming for monthly PECO, PGW, and water department bills in Philadelphia.
Read more »

Shiba Inu (SHIB) Raises $12 Million in Funding for Its Novel FHE BlockchainShiba Inu (SHIB) Raises $12 Million in Funding for Its Novel FHE BlockchainBacked by Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital and others, new funding round paves way for blockchain set to replace Shibarium
Read more »



Render Time: 2025-02-22 14:06:18