Emory University forgives $20 million in Grady Hospital debt

From this story in the Emory Wheel (admittedly from a few days ago):

Despite tight economic conditions, Emory will forgive $20 million of the $62 million that Grady Memorial Hospital, one of the largest public hospitals in the United States and Atlanta’s only level-1 trauma center, owed to the University since Jan. 1, 2008.

Sarah Goodwin, director of media relations for health sciences communication, wrote in an e-mail to the Wheel that this decision will require Emory to make some sacrifices because the portion of the debt that will not be paid back constitutes nearly one-third of the total and is ultimately “foregone funds” to Emory Healthcare and the School of Medicine.

5 comments

  1. ConscienceofaConservative says:

    Since Emory has more than $1 billion in endowment and uses Grady as a place to train its medical students, of course it should excuse this debt. It should also excuse the additional $50 million plus in additional debt it claims Grady (taxpayers of Fulton and DeKalb) still owe the Emory Healthcare system. Isn’t this an era of change?

  2. Rogue109 says:

    You did say “a few days ago” and just how long is “a few days”.

    LOL, well for the Emory story, it was posted on the 19th…so, I suppose three-four days.

    For the AJC story…MUCH longer!

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