The University of Tennessee Board of Trustees met Thursday for their annual
meeting to approve many changes at the university.
As well as approving the budget, fee increases, and changes in admissions
requirements, the board also approved the transfer of the UT Medical
Center, Knoxville, to a non-profit organization and the creation of a
partnership between the university and Battelle Memorial Institute.
The vote transferred to University Health Systems Corporation. UT will
continue to own the hospital building and grounds, and lease the property
UHS will pay the university $25 million the first year and $2.5 million
each year afterwards for the leasing of the property and building. "We keep
the hospital, but we get rid of the liability of a hospital," William
Sansom, vice chair of the board, said.
The limited liability contract between UT and Battelle allows the
partnership to bid on the operation of the Oak Ridge National
Joe Johnson made his annual report at the meeting for the last time as UT
president, expressing his hope for state support for higher education to
improve. Johnson said that even though the university is in a crisis when
it comes to funding, he takes pride in the many accomplishments of the
university over the last year.
UT Medical Center transfer approved
Published: Fri Jun 18, 1999 | Modified: Sat Aug 06, 2005 01:53 p.m.