Boards of Directors of tax-exempt hospitals are increasingly struggling with whether to convert their facilities to for-profit status. Other than the traditional duties of loyalty and fair dealings imposed upon directors, there is currently little guidance to assure that boards obtain a fair price for the hospital in such conversions. The author provides recommendations to assure proper valuation.
Directors' Duty Obtain a Fair Price in the Conversion of Nonprofit Hospitals,
Annals Health L.
Available at: https://lawecommons.luc.edu/annals/vol6/iss1/9