Home » NEWS » Health » Community Health System subsidiary acquires Natchez Regional Medical Center

Community Health System subsidiary acquires Natchez Regional Medical Center

medicalNATCHEZ — A subsidiary of Franklin, Tennessee-based Community Health Systems Inc. has acquired substantially all of the assets of the 179-bed Natchez Regional Medical Center.

Terms were not disclosed.

Natchez Regional Medical Center voluntarily filed a Chapter 9 bankruptcy petition in March 2014. Community Health Systems’ subsidiary was the sole and winning bidder in an auction of the hospital by the Adams County Board of Supervisors on Sept. 11. The sale of the hospital was approved by the U.S. Bankruptcy Court Tuesday.

A separate subsidiary of the company owns and operates 101-bed Natchez Community Hospital, which became an affiliate of Community Health Systems through the acquisition of Health Management Associates Inc. in January 2014. Over time, operations of the two Natchez hospitals will be consolidated to create a stronger, more efficient healthcare delivery system.

Wayne T. Smith, chairman and chief executive officer of Community Health Systems, said, “We see considerable opportunity to support the physicians and employees of these hospitals as they work together to create a sustainable, successful healthcare system. 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.”

Community Health Systems’ affiliates own and operate 13 acute care hospitals in Mississippi.

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 MBJ Staff

Leave a Reply

Your email address will not be published.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

*