Old, new boards for Atlanta hospital sign agreement transferring control
The heads of the old board for Atlanta's Grady Memorial Hospital and the new Grady nonprofit corporation have signed a lease agreement to transfer control of the hospital from the old board to the new. The move was planned for a year and is expected to draw millions in additional funding from numerous sources. During the nonprofit board's second meeting, the highlight was the announcement that the facility was receiving $200 million from a philanthropic organization. At least one board member, however, belived that state leaders failed to fulfill promises of long-term funding for trauma care in Georgia, led to a caveat to the lease agreement.
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