News & Observer / Associated Press, July 29, 2013

SHREVEPORT, La. — More than 2,300 employees at LSU hospitals in Shreveport and Monroe can start applying for jobs with the hospitals' new operator starting Aug. 5 Biomedical Research Foundation Hospital Holding Co. will take over management of the former public hospitals Oct. 1. That nonprofit, a subsidiary of Biomedical Research Foundation in Shreveport, will provide pay and benefits to hospital employees. Gov. Bobby Jindal turned to LSU hospital privatization after Louisiana faced a drop in its federal Medicaid financing rate, which meant the state gets fewer federal matching dollars for every state dollar it puts up.

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