Louisiana State University School of Medicine, reeling from budget cuts and lost revenue in the wake of Hurricane Katrina, may have to close its doors if state officials fail to rescue the New Orleans facility with an infusion of much-needed funding, medical school Dean Larry Hollier said in early November. Hollier said the flood-damaged school has lost more than $88 million in revenue since the hurricane and placed more than 1,000 employees on furloughs or unpaid leave, including about 350 clinical faculty members. The school needs a loan or funding guarantee of about $60 million to make up for the loss of about a quarter of its budget, Hollier said. He said the worst-case scenario--a closure of the entire LSU health sciences center, which includes the medical school and several other health professions schools--was unlikely. LSU's health services division, a network of nine hospitals and 350 outpatient clinics, is the largest provider of healthcare in the state.
LSU School of Medicine may close after hurricane
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