Oak park hospital owner sues ceo over financial mismanagement

A bitter dispute is unfolding at West Suburban Medical Center in Oak Park, Illinois, with the hospital's property owner filing a $24 million lawsuit against the CEO, alleging financial mismanagement and embezzlement.

Ramco holdings seeks recovery of unpaid rent and loan funds

Ramco Holdings, the company that owns the property where West Suburban Medical Center is located, has sued hospital CEO Manoj Prasad and his company, Resilience Healthcare, for allegedly failing to pay more than $24 million in unpaid rent. The lawsuit also accuses Prasad of misappropriating a $10 million state loan meant for the hospital's operations.

In response, Prasad has denied the allegations, calling the lawsuit