After review, hospital to declare bankruptcy

11362557-bankrupt-concept-in-word-tag-cloud-on-white-backgroundNATCHEZ — 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.

[RSS Feed] []

To sign up for Mississippi Business Daily Updates, click here.



Top Posts & Pages