- Associated Press - Friday, October 21, 2016

BATON ROUGE, La. (AP) - The operator of LSU’s hospitals in Shreveport and Monroe has paid the $5.3 million it owed the state for disputed billings, a few days late.

Gov. John Bel Edwards’ administration confirmed that the payment arrived in the escrow account Friday morning, as promised by the Biomedical Research Foundation of Northwest Louisiana.

The research foundation, known as BRF, missed an earlier deadline this week to make the payment as required by its reworked contractual arrangement with the state.

The $5.3 million is being set aside for billings BRF disputes with LSU, leaving it in escrow while an outside arbiter determines whether the university’s Shreveport medical school should receive the money.

The payment was part of renegotiated terms the Edwards administration reached with the research foundation earlier this month.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide