University of Pennsylvania Looks to Do Spin-Off of Health System. From: Knight Ridder/Tribune Business News | Date: February 19, 2001 | COPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The Philadelphia Inquirer Knight Ridder/Tribune Business News

Feb. 19--The University of Pennsylvania plans to spin off its financially troubled health system into a separate, affiliated nonprofit organization instead of selling the four-hospital network.

But that means the hard work of completing the health system's financial recovery has just begun.

Penn president Judith S. Rodin said the small profit the health system generated in the last half o...

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