Settlement reached between Prospect Medical Holdings and St. Joseph Pension Fund

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PROSPECT MEDICAL HOLDINGS has reached a settlement agreement that would end litigation related to the St. Joseph Health Services of Rhode Island Retirement Plan.
PROSPECT MEDICAL HOLDINGS has reached a settlement agreement that would end litigation related to the St. Joseph Health Services of Rhode Island Retirement Plan.
PROVIDENCE – Prospect Medical Holdings Inc. on Tuesday announced that it had reached a settlement with St. Joseph Pension Fund to purchase the remaining 15% minority interest in Prospect's Rhode Island hospitals held by CharterCARE Community Board. The agreement includes a $27.25 million payment and resolves litigation related to the pension fund provided by the…

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