LSU has served formal notice to the Biomedical Research Foundation of Northwest Louisiana that it must withdraw as the parent company of the University Health System.
It has been almost a month since the Biomedical Research Foundation officially took over operations of the LSU hospitals in Shreveport and Monroe, but State Treasurer John Kennedy says this privatization effort is not to save money on operating costs.
Today is October 1st and today is the first day of Biomedical Research Foundation's operation of LSU Health Shreveport under a new name, University Health.