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Memorial psychiatric hospital losing millions; sale imminent

Gulfport’s Memorial Hospital is moving ahead with plans to sell its psychiatric hospital, Memorial Behavioral Health, in Orange Grove.

The Sun Herald reports Harrison County and the city of Gulfport have agreed to schedule a public hearing for Dec. 20 at Gulfport City Hall on the proposed sale of the 89-bed hospital that provides acute psychiatric care. State law requires the hearing because the city and county own the hospital.

Accounting firm Horne LLP studied the feasibility of a sale and recommended it. The study has not been released, but Memorial said operating losses at the hospital have ranged from $3.7 million to $4.8 million per year since 2013, when the state changed Medicaid rules.

Gary Marchand, Memorial’s CEO says the hospital is discussing a sale with “multiple interested parties.”

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