Insurance companies and the hospital where convicted serial child sex offender Dr. Earl Bradley worked have reached a proposed settlement of $123.15 million to create a fund for the reported hundreds of victims assaulted by the doctor.

Word that a $100 million-plus settlement was in the works has been out there for some time, but the parties, including Beebe Medical Center, officially announced the final number Wednesday. A November 13 hearing before Delaware Superior Court Judge Joseph R. Slights III is set to determine the fairness of the settlement.