Grady Hospital Board seeks loan to stay afloat

Grady hospital board officials say they will pursue a line of credit and hold off on any changes in the way the Atlanta hospital in managed.

The hospital needs 120 million dollars to stay solvent. A taskforce had recommended that Grady turn away from a 2 county administration to an independent non profit as soon as possible.

But according to the Atlanta Business Chronicle, the hospital board will instead seek a 60 million dollar line of credit and hold off on any governing changes.

Officials say they worry that changing the way the hospital is run so quickly, could jeopardize funding from the federal indigent care trust fund.

Grady Hospital treats more indigent patients than any other hospital in Georgia.