Recovery deal signed over Hadassah Medical Organization financial dispute

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June 24, 2014 19:05

 
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After 18 months of uncertainty, conflict, judicial action and raucous bad will, the various sides in the dispute over the Hadassah Medical Organization’s financial problems formally signed a recovery agreement on Tuesday in the office of Health Minister Yael German.

The six-year agreement was signed by the minister (on behalf of the government), Hadassah Women’s Zionist Organization of American president Marcie Natan, acting HMO director-general Prof. Tamar Peretz and acting HMO board of directors chairman Avi Balashnikov.

Jerusalem Mayor Nir Barkat, who assisted in reaching the accord, was also present. The HWZOA and the government, as well as the employees, will pitch in to eliminate the NIS 3 billion in debts. A new nine-person board will be named.

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