Lawrence Memorial Hospital board members agreed to give its managed health plan a $400,000 boost in return for 40 shares of preferred stock in the company.
The expenditure to the Lawrence Community Health Plan was expected. It was outlined in the hospital's 1999 budget, approved by board members last year.
The decision came during Wednesday's board meeting at the hospital, following more than an hour of discussion in a closed executive session.
Since the plan was established 3he west LMH entrance.
Parking will be at a premium in March when two businesses, Cardiovascular Consultants and Anaesthesia P.A., move into the Lawrence Health Plaza. The building is on the hospital's west side.
Employees will use the lot, freeing up more spaces closer to the hospital.
Hospital's health plan
receives extrating about 200 employer groups.