The Fulton-DeKalb Hospital Authority voted unanimously to turn over daily operations of Grady Health System to a not-for-profit corporation if public officials and other leaders agree to funding commitments.
The financially strapped Atlanta-based healthcare system has said it could run out of money and shut its doors by year-end without an infusion of cash.
According to the resolution approved during a board meeting, the corporation will consist of at most 17 members, including four members of the hospital authority, and a fifth person appointed by the authority. The resolution also calls for written agreement by business and philanthropic leaders to raise $100 million in private donations over the next three years, and for the state to confirm in writing it will allocate $30 million to the system.
A public hearing to discuss implementation of the resolution is scheduled for Dec. 27. -- by Jean DerGurahian
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