BATON ROUGE, La. (AP) — A nonprofit research foundation has taken over management of the LSU hospitals in Shreveport and Monroe.
The Biomedical Research Foundation of Northwest Louisiana, or BRF, began its management of the hospitals Tuesday, under a privatization deal pushed by Gov. Bobby Jindal.
BRF has never run a patient care facility.
An arm of the research foundation, which is led by one of Jindal’s appointees to the LSU Board of Supervisors, will pay the state $39 million annually to lease the LSU Medical Center in Shreveport and E.A. Conway Medical Center in Monroe.
The Jindal administration says that turning over hospital management to BRF will maintain medical education programs and health services for the poor and uninsured, while cutting state costs.
Jindal has sought to privatize nearly all university-run hospitals and clinics.