Friday, March 13, 2009

Plan Announced for a Public Hospital to Be Taken Over by a Nonprofit

While a lot of attention has been paid in recent years to for-profit companies taking over hospitals previously run by nonprofits, the Los Angeles Times reports on a different type of conversion.  The Martin Luther King Jr. Hospital in South Los Angeles closed a year and a-half ago after a series of medical treatment problems.  Now Los Angeles County has announced a plan to re-open the hospital in 2012 under the control of a new nonprofit corporation to be jointly formed by the county and the University of California.   Many uncertainties remain, however, including how to fund the hundreds of millions of dollars in construction needed to both renovate existing facilities and construct new buildings so as to restore the ability provide emergency and inpatient services.

LHM

http://lawprofessors.typepad.com/nonprofit/2009/03/plan-announced.html

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