HCA contesting $434 million judgement to KC foundation

Health care titan HCA is appealing a Missouri court ruling that it must pay the Health Care Foundation of Greater Kansas City $434 million.

In papers filed earlier this week with the Missouri Court of Appeals in Kansas City, HCA said the foundation lacks legal standing in its long-running dispute.

HCA also posted a bond for $527 million covering the legal judgement as well as interest and attorney fees expected to accumulate over the anticipated 12-month appeals process.

If the ruling stands after HCA’s appeal, it will virtually double the size of the foundation’s endowment, turning it into a billion-dollar institution.

Read more: Kansas City Star

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