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Funding plan to help lure buyer for Maryland county’s hospital network

Washington Post, July 21, 2008

Prince George's County and the state of Maryland have agreed in principle to each spend $75 million to lure a healthcare company interested in taking over the county's hospital network. Under the agreement, Prince George's and the state would spend a total of $150 million over five years, beginning in fiscal 2011, to help fund hospital operations. The state would also spend an additional $24 million to improve equipment and facilities. A newly appointed seven-member hospital authority will seek bids from hospital companies willing to buy the system.