SRHS briefs federal court

An update from the Singing River Health Care pension settlement: the healthcare system filed a briefing in federal court yesterday in response to the court’s request for additional information regarding the proposed settlement.
The brief says in part: “the health system’s financial turnaround is now generating enough net revenue to fund the proposed settlement for the foreseeable future. In fact, Singing River has already deposited over seven million dollars in to an escrow account for the plan pending the outcome of the settlement and committed to a total of $156 million over the next 34 years to support the plan all under the supervision of the courts.”

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