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University trustees vote to move forward on Cedars purchase

The University of Miami plans to complete the purchase of Cedars Medical Hospital by the beginning of December.

The decision came after a Board of Trustees meeting on Friday, during which UM senior officials were given permission to move forward with the deal.

“Today’s vote is an exciting milestone in the university’s quest to bring academic medicine to Cedars Medical Hospital, creating a university hospital environment to serve the people of South Florida and beyond,” said Miller School of Medicine Dean Pascal Goldschmidt in a press release.

The purchase of Cedars, the 560-bed hospital located across the street from Miller School of Medicine, will cost about $11.7 billion.

October 29, 2007

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The Miami Hurricane is the student newspaper of the University of Miami in Coral Gables, Florida. The newspaper is edited and produced by undergraduate students at UM and is published in print every Tuesday.