The University of Louisville in Kentucky is considering spinning off its clinical, medical research and medical education enterprises into a separate business entity, according to Louisville Business First.
After a U of L board of trustees meeting Wednesday, university Interim President Greg Postel, MD, said the move would provide leadership of the hospital and the rest of the organization's clinical enterprise with flexibility to operate in the uncertain healthcare environment. He also said a governance structure change would protect the university from exposure to the financial risks of the healthcare sector.
The trustees did not take formal action on the matter Wednesday, and Mr. Postel told reporters after the meeting that there would be a lengthy process to study the potential spinoff, according to Insider Louisville.
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