After filing for Chapter 9 bankruptcy earlier this year, Natchez Regional signed a definitive agreement to allow CHS to acquire the medical center’s assets for $18 million in July.
A CHS subsidiary owns and operates 101-bed Natchez (Miss.) Community Hospital. CHS has plans to consolidate the two hospitals to create a more efficient delivery system.
“We see considerable opportunity to support the physicians and employees of these hospitals as they work together to create a sustainable, successful healthcare system,” said Wayne T. Smith, chairman and CEO of CHS. “The combination of these facilities ultimately will result in an operationally strong hospital, a more coordinated approach to patient care, and enhanced access to a wide array of quality health services for local residents.”
More articles on healthcare industry transactions:
Tufts, Lowell General deal not likely to drive up costs, state panel says
Centura Health, Logan County Hospital sign affiliation agreement
4 recent hospital transactions and partnerships
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
