Crittenden Regional Hospital filed for bankruptcy and closed in September 2014.
Crittenden County officials are involved in negotiations with Ameris, and the company has proposed investing $15 million in the hospital if certain conditions are met, such as the citizens of the county approving a 1 percent sales tax increase to help keep the hospital open.
Crittenden County Judge Woody Wheeless, who has been working with county officials to find a new operator for the hospital, told the Memphis Business Journal if the hospital does reopen it would be a public-private partnership so the public would know where every dollar went.
More articles on healthcare industry transactions:
10 recent hospital partnerships and transactions
Humana to sell Concentra unit for $1B
Peconic Bay Medical Center to join North Shore-LIJ Health System
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.