A legal settlement between Kosair Charities and Louisville, Ky.-based Norton Healthcare includes a name change for Kosair Children's Hospital, according to the Courier-Journal.
The legal battle between the organizations began in 2014, when Kosair Charities claimed funds it had given to the children's hospital had been misused by Norton. In its suit, Kosair Charities alleged Norton boosted its bottom line and lined the pockets of executives using a portion of the more than $6 million Kosair Charities donated to the hospital each year, according to the report.
Norton filed a counterclaim accusing Kosair Charities of fraud, claiming the organization had stopped making contractually required contributions to the children's hospital but was still soliciting donations from the public to support the hospital.
Under the settlement, Norton will remove the Kosair name from the hospital within a matter of weeks. The settlement also calls for Kosair Charities to make a multi-million dollar payment to Norton. Although the specific amount of the payment was not provided, sources told the Courier-Journal that the amount won't be near the $117 million the organization had pledged to give the health system over 20 years.
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