Lutheran Health Network and its parent company have settled their lawsuit against former CEO Brian Bauer.
In a joint, three-paragraph statement issued shortly before 6 p.m. today, the parties stated:
"Lutheran Health Network and CHSPSC LLC (Community Health Systems) have settled their lawsuit against Lutheran Health Network's former CEO, Brian Bauer, which alleged that Bauer violated the restrictive covenants of his stock option agreement."
"Under the terms of the agreement, Bauer is prohibited from disclosing any confidential, proprietary or non-public information obtained during his employment with Lutheran and from soliciting for employment any Lutheran employees until June 13, 2020. The stock option agreement and the injunction entered by the Williamson County Tennessee Court enforcing that agreement remain in effect. The parties have agreed to keep other terms of the settlement confidential."
"Along with its physicians and employees, Lutheran Health Network leadership remains focused on providing comprehensive, high-quality health care services for residents across northeast Indiana and continuing the network's long history of civic and community engagement."
Bauer issued an additional statement. He said: "I'm pleased we were able to settle and end this dispute, and I look forward to the future in northeast Indiana."