Home » NEWS » Health » Tenn. company makes unspecified offer to lease hospital

Tenn. company makes unspecified offer to lease hospital

STARKVILLE — A Tennessee company has offered to lease OCH Regional Medical Center.

Capella Healthcare vice president for acquisitions Doug Johnson confirmed to The Commercial Dispatch that the for-profit firm seeks a 50-year lease of the hospital.

Johnson says Capella sought the lease in an April 23 letter to the Oktibbeha County Board of Supervisors. He won’t say how much Capella offered.

Supervisor John Montgomery says he’s aware of the offer, but prefers community control.

Hospital CEO Richard Hilton says he was unaware of the offer until contacted by the Dispatch. He’s not commenting until hospital trustees meet to discuss it.

The 600-employee hospital had revenue of $145.9 million in the year ended Sept. 30, 2011, with $1.8 million profit.

Capella, of Franklin, Tenn., operates 14 hospitals in six states.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*