UMC’s board of directors is asking the district for $9 million in direct funding and for the district to forgive a $6 million loan, according to the report. The board agreed these figures would be needed to “maintain hospital operations and fund the restructuring effort.”
In 2007, the District of Columbia invested $79 million into the hospital by selling it to Specialty Hospitals of America, a for-profit entity. In 2010, the district had to take over UMC because SHA defaulted on its payments.
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