The University Medical Center is the largest of nine hospitals in the state currently in process of transitioning to private operators. New Orleans-based LCMC Health and Baton Rouge, La.-based Louisiana State University will continue to operate the University Medical Center through a joint partnership.
The agreement requires the hospital to enter into a contract with LSU to allow the university to analyze data to improve quality metrics and patient outcomes. The agreement also requires the hospital to provide increased mental health services to residents in the area, according to the article.
The Biomedical Research Foundation of Northwest Louisiana, the operator that runs LSU’s hospitals in Shreveport and Monroe, has yet to sign off on the administration’s final offer.
More articles on transactions and valuations:
MD Anderson to affiliate with Deaconess Health System
Children’s Mercy, Olathe Medical Center partner on pediatric facility
Brookhaven Memorial Hospital Medical Center approves purchase of former nursing home facility
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