Nonprofit Board Takes Control of Grady Hospital

ATLANTA (AP) _ Grady Memorial Hospital's nonprofit board is now
responsible for the operations of the embattled health system and is expecting its first philanthropic infusion of cash.

The Robert W. Woodruff Foundation has pledged 200 million dollars to Grady over four years to help the hospital make capital improvements. The first 50 million dollar installment will be presented to Grady on Tuesday.

The Grady Memorial Hospital Corporation is hoping to 100 million dollars over four years. Grady recently switched to nonprofit governance at the urging of lawmakers and business leaders in hopes of attracting hundreds of millions of dollars in financing to keep the hospital afloat.

The corporation has entered into a 40-year agreement with the Fulton DeKalb Hospital Authority.


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