LSU has served a formal notice to the Biomedical Research Foundation of Northwest Louisiana stating they must withdraw as the parent company of University Health System.
The announcement comes after an extensive period of negotiations between LSU and BRF that began in early July. LSU and the Biomedical Research Foundation of Northwest Louisiana (BRF) entered into a Cooperative Endeavor Agreement on Sept. 30, 2013, for BRF to operate the Shreveport Hospital in Shreveport and University Health Conway in Monroe.
The notice claims there is a breach of the public purpose set forth in the agreed upon Cooperative Endeavor Agreement between them.
“We have exhausted all avenues to resolve our differences amicably and now must take action that we hoped would not be necessary,” LSU President F. King Alexander said.
In an effort to ensure the continued operation of University Health Shreveport and University Health Conway, a new group of civic leaders has stepped forward to bridge the transition to a new operating partner. Academic Health of North Louisiana Hospital Management Company Inc. plans to announce its board members in the near future.
“Patients, hospital staff and the community at large can rest assured that the University Health hospitals will continue to operate as usual during this period,” Alexander said. “LSU pledges its continued commitment to provide unparalleled medical care in the Shreveport and Monroe communities.”