Under the agreement, VCU will continue to operate the facility as a children’s hospital and all employees of Children’s will become employees of VCU.
Both boards have already approved a tentative agreement, but final approval still needs to be gained, according to the report.
In 2005, the two organizations had planned to develop a children’s hospital on the VCU campus, but the plans were called off due to increasing costs, according to the report.
Read the Richmond Times-Dispatch on the Children’s Hospital of Richmond.
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