Adams County, which owns the hospital, failed in its last attempt to sell Natchez in 2008, with the hospital declaring bankruptcy the next year. After the county board of supervisors announced in April that a buyer had shown interest in the hospital, officials said there was a preference for a for-profit buyer to take over to add to the rural county’s tax base.
A feasibility study and several public hearings are required by law before a sale can be finalized. The county would select a buyer after issuing a request for proposals, according to the report.
Although publicly owned, Natchez is financially independent and does not receive tax support other than a $5 million tax reserve, which banks required in 2006 in order for the hospital to qualify for a reissued revenue bond.
More Articles on Hospital Sales:
SCL Health System Plans Sale of St. John’s in California to Providence Health & Services
North Kansas City Concedes to Hospital Sale Law
Law Allows University of Mississippi Medical Center to Buy Grenada Lake Hospital
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
