Catholic Health Strikes $220M Deal To End Affiliation Fight

Law360, Houston (September 16, 2013, 3:27 PM EDT) -- An affiliate of Houston-based St. Luke's Episcopal Hospital struck a $220 million deal Friday that ends litigation over its collaborative agreement with the hospital, which had posed a potential threat to Catholic Health Initiatives' $2 billion acquisition of the system.

The Texas Heart Institute and CHI announced they have signed an exclusive letter of intent to negotiate a new partnership financed by $220 million during the next decade for research and education in cardiovascular diseases. The move resolves THI’s lawsuit against St. Luke’s, which sought to...
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