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.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Two BancorpSouth mergers delayed by federal inquiries
- Moon River Foods creating 100 jobs in Mississippi Delta
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Severstal selling plants, including Severstal Columbus
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Google chooses Mad Genius as example of Internet use
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Weyerhaeuser investing $57M to modernize lumber mill
- Police find Attorney General Hood's stolen handgun