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Tuesday, January 29, 2008

Grady advances toward non-profit governance

Hoping to get the infusion of 300-million dollars in much-needed funding, Grady Memorial Hospital's board of trustees yesterday approved a lease agreement that would create a non-profit governing board. The board also approved a deal with a major bank to set a credit line of at least 35-million dollars. Grady was facing a deficit of at least 55-million by the end of 2007. The hospital is one of a handful of Level-1 trauma care centers in the state.

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