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Tuesday, April 8, 2008

Grady Hospital takes official step to go non-profit

The transfer of Atlanta’s Grady Memorial Hospital from its old politically-appointed board to a new non-profit model was made official Monday with the signing of a lease and transfer agreement. The lease agreement is targeted to begin on May 1st. The meeting of the Grady board yesterday also brought a commitment of 200-million dollars from the Robert W. Woodruff Foundation. The money will help pay for needed infrastructure costs for the financially-troubled Level-1 trauma hospital.

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