University of Toledo Looks to Create Nonprofit Corporation

The University of Toledo is looking into creating a nonprofit corporation that would allow it to enter into hospital partnerships that could save money for its medical center. The university’s board this past week set in motion a plan to explore creating a nonprofit. The proposed entity would be called University of Toledo Health. Creating a free-standing nonprofit would allow the university to pursue health-related joint ventures, said David Morlock, chief executive officer of the University of Toledo Medical Center.