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Published on: 5/5/2008
Last Visited: 9/1/2008
(APN) ATLANTA - The Chairman of the Grady Memorial Hospital Corporation (GMHC), A.D. "Pete" Correll, announced Monday, May 5, 2008, a new target date for the commencement of the lease and transfer agreement between the nonprofit and the Fulton-DeKalb Hospital Authority (FDHA).
Correll expects the lease and transfer to commence on May 20, 2008, at which point the GMHC would officially assume day-to-day operations of the Grady Health System from the FDHA, he said.
The GMHC had previously targeted May 1, 2008, as the commencement date when it met April 7, 2008.It has been pushed back by almost three weeks.
At the April 7 meeting, FDHA Chairwoman Pam Stephenson and Correll had signed the lease and transfer agreement as well as the funding agreement, leaving little unfinished business.
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Correll filed the application, which is over 1,000 pages, in mid-April, he said, seeming confident the IRS would grant recognition of tax exempt status and would do so in a timely manner.
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Meanwhile, the Trauma Care Network Commission will meet May 15, 2008, to determine how much of the $58 million each trauma center in Georgia will receive, Correll said.
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When the FDHA and GMHC are ready to do so, the GMHC would alert the Woodruff Foundation 48 hours in advance, Correll said.
At that point, the first payment of $50 million would be deposited into the Community Foundation for Greater Atlanta.
The $50 million will be paid out over 12 months as specific capital needs are identified and prioritized.The funds have been earmarked for capital improvements and thus will not help Grady address its budget shortfall and debt to Grady and Morehouse.
A Search Committee charged with finding a permanent CEO for Grady Hospital has been in contact with about 30 candidates for the job so far, Correll said.
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Atlanta Progressive News has made a request for an interview with Correll to discuss the pending privatization of Grady Hospital at this time, and is waiting to hear back from Esther Campi, Metro Atlanta Chamber of Commerce Senior Vice President of Communications.