The second of two Georgia county boards approved a deal to lease Grady Health Systems assets to a not-for-profit organization called the Grady Memorial Hospital Corp., which will assume management of the financially troubled public system in Atlanta. The DeKalb County Board of Commissioners unanimous vote followed last weeks 5-2 approval by the Fulton County board, clearing the way for the newly created not-for-profit to take control of Gradys nine primary healthcare centers, nursing home and 927-bed Grady Memorial Hospital.
Lawmakers and Atlanta businesses are expected to appoint the not-for-profits governing board in early March, said Vernon Jones, DeKalb Countys chief executive officer. Jones said transferring Grady to private, not-for-profit control paves the way for state funding and private donations. The public system, which has been run by the Fulton-DeKalb Hospital Authority, is expecting a private donation of $200 million and an additional $30 million in state support, he said.
Grady Health System lost $146.7 million on operations in 2006, the most recent year for which figures are available, which was offset by county subsidies totaling $104.6 million. Medicaid covered 43% of Gradys patients in 2006. -- by Melanie Evans
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