Biomed approves contract to manage LSU Health - KTBS.com - Shreveport, LA News, Weather and Sports

Biomed approves contract to manage LSU Health

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LSU Health Shreveport is another step closer to being under new management.

The Biomedical Research Foundation approved a formal contract to run the place, which is the biggest employer in Caddo Parish. 
The LSU Board of Supervisors still needs to approve the contract. They're set to do that on Tuesday in a special meeting in Baton Rouge.

"It was a difficult decision to pull off logistically. It's taken a lot of time and work by many people to arrive at the decision we did today, but we believe it's the best one," said Biomed Chairman Steve Skrivanos.

LSU won't release details of the contract until Monday.
The hospital currently funds about one-third of the costs of the LSU Medical School in Shreveport.
Skrivanos revealed Friday that will no longer be the case, if the deal does works out.

"As we move forward, the hospital simply will not generate enough money under any circumstance to allow for funding of the medical school, so that will be coming from higher education in the years to come," said Skrivanos.

If you're wondering what the Biomed is, their initial mission focused on medical research and trying to use that for commercial enterprise.  

In recent years, it expanded into digital media, including filmmaker Moonbot Studios.
Biomed is supported in part by a parish wide tax.

The board includes representatives from the medical and business communities and government. 

"This is happening really all over the country. Statistically there are very favorable outcomes here as far as job creation, preservation and mission. The people we are bringing to the table have done this before, so we are confident that we can officially manage this for the good of the community," said Skrivanos.

John George sits on both the LSU and Biomed boards. He will not vote in Tuesday's meeting. Even though the state ethics committee has said his affiliation with both boards does not pose a conflict of interest. 


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