Hospital manager says it paid LSU $7M in dispute

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Posted: Aug 22, 2014 3:25 PM by Melinda Deslatte
Updated: Aug 22, 2014 3:25 PM
Source: Associated Press

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Topics: LSU hospitals, Shreveport, Monroe, debt, university, health care

BATON ROUGE - The research foundation running the LSU hospitals in Shreveport and Monroe says it has paid the university system $7 million, after LSU sent a collection letter demanding $25 million.

The Biomedical Research Foundation of Northwest Louisiana, or BRF, said Friday it placed another nearly $11 million into escrow, saying it will be disbursed to LSU once remaining financial terms are worked out. The foundation says that will cover the balance of what is owed.

LSU health care adviser Jerry Phillips said he doesn't know if the foundation wired any money - but he says the university system hasn't reached any agreement with BRF.

The research foundation took control of the two hospitals in October 2013, part of Gov. Bobby Jindal's push to privatize most of the university-run public hospital system.

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