Quorum Health Corporation Announces Final Ruling in the Arbitration with Community Health Systems
QUORUM HEALTH CORP (QHC)
Last quorum health corp earnings: 8/7 04:30 pm
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US:NYSE Investor Relations:
quorumhealth.com/investor-relations
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Source: Business Wire
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Quorum Health Corporation (NYSE:QHC) today announced that it has received a final ruling from the American Arbitration Association regarding its previously disclosed disputes with Community Health Systems (“CHS”). The ruling stems from arbitration claims brought against the Company by CHS on August 4, 2017 seeking payments of certain amounts withheld by the Company associated with services performed by CHS under the Shared Service Centers (or “SSC”) Transition Service Agreement (or “TSA”) and the Computer and Data Processing (or “IT”) TSA. In response to these claims, the Company contended that the amounts were not payable to CHS and were not properly billed under the agreements. The Company also made certain counterclaims against CHS relating to the TSAs and other matters. On March 19, 2018 the Company received notice that CHS was seeking to terminate the SSC
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