NATCHEZ — The Natchez Regional Medical Center plans to file for Chapter 9 bankruptcy.
Chief financial officer Charles Mock tells The Natchez Democrat the decision comes after a careful review of the hospital’s finances, which indicated the hospital’s financial liabilities exceed that of its assets by approximately $3 million.
Chief executive officer Donny Rentfro says decreases in revenues, including reimbursement from the federal government, are a significant factor in the hospital’s financial standing.
The hospital previously filed for bankruptcy in February 2009, exiting the process in December of the same year.
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