Forsyth County Hospital Authority, Inc. v. Bowen

Plaintiff, a Medicare provider, seeks reimbursement for interest expense incurred by it which had been disallowed by the Administrator of the Health Care Financing Administration (HCFA) in the same amount as the interest earned by the provider’s related foundation from investing the proceeds of sale of a patient care asset given by the provider to the foundation. The district court affirmed the disallowanc-es by the Administrator and plaintiff-provider, Forsyth Memorial Hospital (Hospital), appeals.

I

Hospital, a North Carolina non-profit corporation, was the owner of Hawthorne Apartments which…