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Wilson Foundation Sues Duke LifePoint Over $55M Hospital Stake Delay

Source: bizjournals.com

The Healthcare Foundation of Wilson sues Duke LifePoint for delaying the sale of its 20% stake in Wilson Medical Center.
The nonprofit claims it's owed around $55 million based on a disputed valuation of the hospital.
This stems from a 2014 deal where the foundation kept minority ownership with an option to sell back after 10 years.

The Healthcare Foundation of Wilson, set up from the 2014 sale of the local hospital, wants to cash out its stake in Wilson Medical Center to fund community health projects. Duke LifePoint, the hospital's majority owner, is stalling the process, leading to a lawsuit over the sale price. It matters because the foundation needs the money to tackle health issues in Wilson County, while the hospital faces separate scrutiny over patient care and ownership changes.