King hospital Saved....

Leaders of L.A. Care Health Plan, one of the country’s largest public health plans, voted this week to donate $500,000 to the nonprofit that will run the new Martin Luther King Jr. hospital in Willowbrook scheduled to open in 2012.

The Martin Luther King Jr. hospital nonprofit was created under an agreement approved by University of California Regents in November. It will be governed by a seven-member board of directors -- two appointed by the UC president, two by L.A. County officials and three jointly. The directors, whom officials hope to name within a year, must have at least 10 years' experience in healthcare. It will be up to them to decide whether to operate the hospital themselves or hire another company. L.A. County officials have promised to seek a $100-million letter of credit to underwrite the hospital for up to six years. The county will also contribute $73 million annually to cover expenses and operating costs.

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- Source LA Times