Former CEO to cede control of five Florida hospitals in settlement

Healthcare Systems of America-Florida and former CEO Mike Sarian agreed to settle two lawsuits in Miami-Dade County, Florida.

The lawsuits accused Sarian, the company’s founder, of financial misconduct.

Sarian is to give up control of five Florida hospitals as part of the settlement.

The disputes involved the company and its former leader.

The settlement will change who controls those hospitals, though the available details do not say who will take over.

HSA Florida said the dismissal of the lawsuit was part of the agreement, but the full terms were not provided.