At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
The Tax-Exempt Board Fiduciary Duties in the Context of Evaluating Strategic Alternatives and Sales
A recent New York State hospital transaction highlights the challenging problem which the Board of Directors of a not-for-profit institution faces in the context of a sales transaction.1 In Manhatten Eye, Ear & Throat Hospital ("MEETH"), the Court denied the petitiion for judical authorization to sell substantially all of the assets of the Manhatten Eye, Ear & Throat Hospital. The Court held that the Manhatten Eye, Ear & Throat Hospital Board had not fulfilled its duties to the not-for-profit corporation. In contrast to a number of other cases involving the sale of not-for-profit assets, the Board was not criticized for failing to find the highest bidder for entering into self-dealing or self-interested transactions. Rather, the Board was criticized for not fulfilling its "duties of obedience" to the corporation’s charitable purposes.
Smarter spend, safer care: Real-world RTLS strategies for asset management, staff safety and compliance
Recommended Live Webinar on May 6, 2026 1:00 PM - 2:00 PM CDT