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Hospital Sale Sparks Legal Battle | Chicago News

Hospital Sale Sparks Legal Battle | Chicago News

Published 5 days, 15 hours ago
Description

A hospital in Oak Park, Illinois, is caught in a high-stakes legal battle as its owner, Ramco Healthcare Holdings, pushes to force a $1 sale to Insight Health Systems — complete with a $100K consulting gig for the CEO, Dr. Manoj Prasad, who’s resisting the deal. The abrupt closure in March sparked lawsuits, and while Ramco claims a prior settlement was agreed upon, Resilience Healthcare (Prasad’s company) refuses to sign off. Prasad would also keep his 2022 Range Rover under the terms. With court proceedings set for August 25th, the future of these hospitals remains uncertain amid tangled ownership and big money stakes.

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