BATON ROUGE, La. (AP) — The research foundation running the LSU hospitals in Shreveport and Monroe said it paid the university system nearly $7 million Friday for back-owed debts tied to privatization, less than one-third of the amount demanded by LSU in a collection letter this week.
The Biomedical Research Foundation of Northwest Louisiana, or BRF, said it placed another $10.6 million into escrow, saying it will be disbursed to LSU once remaining financial terms are worked out. The foundation said in a statement that it will cover the balance of what is owed to the university system.
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