Tenn. company makes unspecified offer to lease hospital
Published: May 20,2013
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Ex-MDEQ leader Fisher joins Butler Snow
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- Federal appeals court: State's abortion law is unconstitutional
- Can Metrocenter rise from the ashes? Again
- Gulf oil rig explosion kills one worker, injures three
- Nehi Bottling Company has been a Cleveland fixture for 85 years