Posts Tagged ‘Natchez Regional Medical Center’

Community Health System subsidiary acquires Natchez Regional Medical Center

NATCHEZ — 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 […] [...]

Natchez hospital auction attracts only one bidder

NATCHEZ — Natchez Regional Medical Center goes up for auction today, but only one company is bidding. Community Health Systems is the only entity that met a Monday deadline to qualify to try to buy the hospital, which is in bankruptcy. That’s according to Scott Slover, attorney for the Adams County Board of Supervisors. CHS […] [...]

MDOT blocks off large sinkhole that formed on U.S. 61

NATCHEZ — State highway workers have blocked off a big sinkhole that developed this week on U.S. 61 near Natchez Regional Medical Center. The Natchez Democrat reports the hole is nearly 15 feet wide and 25 feet deep. The Mississippi Department of Transportation has blocked it off with orange barrels, and workers will start repairing […] [...]

Hospital cutting salaries, some by as much as 20 percent

NATCHEZ — Natchez Regional Medical Center has announced a 10 percent salary reduction for all employees and managers with some while upper and some middle management-level workers will see a cut of 20 percent. The hospital announced the cuts in a news release this past week. The hospital says it is trying to shore up […] [...]

Judge rules — no ombudsman for bankrupt hospital

NATCHEZ — A federal bankruptcy judge has declined to appoint a patient care ombudsman for Natchez Regional Medical Center. The Natchez Democrat reports Bankruptcy Judge Neil P. Olack said he would look at the issue again if someone brings a patient care issue to him. The hospital’s bankruptcy attorney, Eileen Shaffer of Jackson, had argued […] [...]

After review, hospital to declare bankruptcy

NATCHEZ — 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 […] [...]

Officials ask hospital negotiator to take counter-offer

NATCHEZ — County and hospital officials told their negotiator to take a counter-offer to the bidder for Natchez Regional Medical Center. The charge came yesterday after a closed-door meeting between the hospital’s board of trustees, the Adams County Board of Supervisors and Healthcare Management Partners Chief Executive Officer Scott Phillips. Phillips, who the supervisors hired […] [...]

Offer made for Natchez Regional Medical Center

NATCHEZ — Officials say an offer has been made for the purchase of the county-owned Natchez Regional Medical Center. Hospital Board chairman the Rev. Leroy White tells The Natchez Democrat the board will be meeting this week to discuss it with Healthcare Management Partners CEO Scott Phillips. HMP was hired last July to help facilitate […] [...]

Board continues to negotiate with propsective hospital buyers

NATCHEZ — The attorney for Natchez Regional Medical Center’s Board of Trustees said he has been “encouraged” by the response the hospital has received from potential buyers in recent weeks. Though representatives of the county-owned hospital had at one time said they hoped to have a deal closed by the end of fall, trustees attorney […] [...]

Hospital to look for buyer with ‘stalking horse’ bid

NATCHEZ — Natchez Regional Medical Center will seek a “stalking horse” bid in which a potential buyer makes an initial offer to set the floor for an auction. Hospital officials tell The Natchez Democrat that three health care providers have agreed to participate. “We are hopeful that within a matter of weeks we will have […] [...]

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