BATON ROUGE, La. (AP) — Gov. Bobby Jindal's top budget architect says the state will have enough money to cover the costs of privatizing all but one of the 10 LSU-run hospitals.

Commissioner of Administration Kristy Nichols says all deals, including a takeover of University Medical Center by Lafayette General Medical Center, will be completed next month.

Nichols was addressing questions raised by the Legislature's financial analysts about whether next year's budget will be short of the money needed to cover the privatization.

She says she's asking senators to amend the budget to address the financing gap. She says anticipated lease payments, additional state dollars and federal Medicaid money will close the gap.

Nichols says the total operating budget for all LSU-affiliated hospitals will be $1 billion next year, an increase from $955 million. She says the state will net $100 million in savings because of lease payments.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at

feed-image RSS Feed
ABiz Stock Watch
o Home Bancorp 20.00 ▼0.10 (-0.50%)
o Frank's International 24.67 ▲0.22 (0.90%)
o IberiaBank Corp 66.53 ▲0.11 (0.17%)
o LHC Group 21.09 ▼0.28 (-1.33%)
o MidSouth Bancorp 16.41 ▲0.16 (0.98%)
o Petroquest Energy 5.44 ▼0.06 (-1.09%)
o PHI Inc. 41.90 ▲0.81 (1.97%)
o Superior Energy 31.51 ▼0.06 (-0.19%)
o Stone Energy 45.54 ▲0.56 (1.25%)
o Teche Holding 76.39 ▼0.55 (-0.71%)
o Facebook Inc. 59.37 ▲0.28 (0.47%)
o Twitter Inc. 44.57 ▼0.95 (-2.09%)
o Gannett 26.58 ▲0.63 (2.43%)

Home Bancorp

Company ID [NYSE:HBCP] Last trade:20.00 Trade time:3:31PM EDT Value change:▼0.10 (-0.50%)

Frank's International

Company ID [NYSE:FI] Last trade:24.67 Trade time:3:30PM EDT Value change:▲0.22 (0.90%)

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:66.53 Trade time:3:31PM EDT Value change:▲0.11 (0.17%)

LHC Group

Company ID [NYSE:LHCG] Last trade:21.09 Trade time:3:25PM EDT Value change:▼0.28 (-1.33%)

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:16.41 Trade time:3:27PM EDT Value change:▲0.16 (0.98%)

Petroquest Energy

Company ID [NYSE:PQ] Last trade:5.44 Trade time:3:31PM EDT Value change:▼0.06 (-1.09%)

PHI Inc.

Company ID [NYSE:PHII] Last trade:41.90 Trade time:12:48PM EDT Value change:▲0.81 (1.97%)

Superior Energy

Company ID [NYSE:SPN] Last trade:31.51 Trade time:3:31PM EDT Value change:▼0.06 (-0.19%)

Stone Energy

Company ID [NYSE:SGY] Last trade:45.54 Trade time:3:31PM EDT Value change:▲0.56 (1.25%)

Teche Holding

Company ID [NYSE:TSH] Last trade:76.39 Trade time:3:09PM EDT Value change:▼0.55 (-0.71%)

Facebook Inc.

Company ID [NYSE:FB] Last trade:59.37 Trade time:3:31PM EDT Value change:▲0.28 (0.47%)

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:44.57 Trade time:3:31PM EDT Value change:▼0.95 (-2.09%)


Company ID [NYSE:GCI] Last trade:26.58 Trade time:3:31PM EDT Value change:▲0.63 (2.43%)

Read the Flipping Paper!

Click Here for the Entire Print Version of