I was forwarded an article in Insider Advantage regarding Grady (since it’s restricted content I can’t link to it) . The jist of the article is this: letters have been circulating among Senate leaders claiming much of the proposed $100 million bailout loan would actually go to Emory. In addition, an audit was conducted (at Grady) over two years ago showing Grady had been overcharged by vendors who stand to benefit from the proposed bailout. The letter writers (former Grady Board Member William Loughrey , and Senator David Shafer) say these issues should be addressed before a bailout takes place.
Just how much has Grady been overcharged over the last few years? Would refunding the overcharged amount provide Grady the funds it needs? Why is Emory overcharging Grady and what are they going to do to prevent it from happening again?
As I posted here Grady’s broke, Emory certainly is not with some $5 billion in the bank. Perhaps Emory should be bailing out Grady not the taxpayers.
UPDATE: I should have said Emory has allegedly overcharged Grady. Also, it’s Loughrey’s letter which brings to light the audit and the alleged overcharging. Shafer’s letter expresses concern about these allegations, and says the audit issue must be resolved and that a bailout should not be considered for a Grady vendor with unresolved audit issues.
The AJC has Loughrey’s letter and Chris posted a link here to Galloway’s report on the matter.