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Joint Operating Agreement
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CONTRACTS – CIVIL MISCELLANEOUS: The Christ Hospital, a hospital participating in the Health Alliance of Greater Cincinnati under a joint operating agreement that required the Alliance to operate consistent with the charitable missions of the Alliance and all its member hospitals, and that gave the participating hospitals the rights to exercise ultimate responsibility for fulfilling their respective charitable missions and to declare a default under the joint operating agreement, was entitled to terminate its participation in the Alliance, where the hospital determined in good faith that the Alliance had impeded the hospital’s ability to carry out its charitable mission and had failed to fulfill the Alliance’s duty under Section 6.3 of the joint operating agreement to operate consisten...
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Converting Memorial Health System to a nonprofit has some appeal. For starters, doing so may lead to Memorial becoming a full-fledged teaching hospital for the University of Colorado hospital system. Bruce Schroffel, president and CEO of the University of Colorado Hospital Anschutz Medical Campus, told The Gazette's editorial department on Thursday that he is interested in a joint operating agreement involving Memorial and his system. For that to occur, he said, Memorial must be a nonprofit.
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Federal prosecutors sued the Daily Gazette Co.--the owners of the Gazette--and MediaNews Group--the owners of the Daily Mail--in 2007 alleging they had violated a joint operating agreement both papers first entered in 1958. Prosecutors alleged that immediately after the transaction, the Gazette's owners began a campaign to financially cripple the Daily Mail by cutting subscriptions, shrinking the news staff and not promoting the paper to new subscribers.
