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LSU hospitals start process to look for investors

Shreveport Times, September 12, 2012

LSU's public hospitals in Shreveport, Monroe and Alexandria could be seeking suitors by the end of the year. LSU System supervisors Friday authorized the heads of all 10 LSU system hospitals to seek partners to invest in, manage or buy the hospitals. On Friday, LSU Shreveport Chancellor Dr. Robert Barish briefed employees after the vote. Although there's no written time line for finding private partners, Dr. Hugh Mighty expects a proposal request to be ready this fall. Mighty is LSU Health Shreveport vice chancellor for clinical affairs. The health center had to cut $46 million from its 2012-13 budget after the federal government reduced Louisiana's Medicaid funding.