Posts Tagged ‘sell’

Mall sale draws prospective buyers; owners asking $6.5M

JACKSON — A dozen potential buyers have expressed interest in Jackson’s Metrocenter mall since it hit the market Sept. 24. That’s according to the building’s broker. Listing price is $6.5 million. David Sewell, Metrocenter manager, tells The Clarion-Ledger day-to-day business at the 500,000-square-foot mall, which is Mississippi’s largest and once was the state’s premier shopping […] [...]

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 […] [...]

Sanders Oil sells to Alabama company for undisclosed price

COLUMBUS — Sanders Oil Company has been sold to Midstates Petroleum Company in Vernon, Ala. The sale includes Sanders Oil’s 14 gasoline stations. Terms of the sale were not made public. Sanders Oil vice president Will Sanders tells The Commercial Dispatch that the sale was finalized Monday. The sale includes Sanders’ six consignment stores and […] [...]

Kitchens Brothers selling shuttered sawmills

UTICA — Equity Partners CRB and Heritage Global Partners have been retained to sell three hardwood sawmills on behalf of Kitchens Brothers Manufacturing Company. Equity Partners is seeking bids for each mill in its entirety through late October, with any remaining assets to be offered at auction in November by Heritage. Family owned and operated […] [...]

After 150-plus years, newspaper ceasing publication with merger

SARDIS — After more than 150 years in business, The Southern Reporter will cease publication at the end of September. The Sardis-based newspaper will put out a final edition on Sept. 26 and merge with The Panolian. “This was a difficult decision, we appreciate all of our loyal subscribers and advertisers during the last 15 years,” […] [...]

Hospital dipping into settlement money while sale continues

NATCHEZ — Natchez Regional Medical Center officials say they have had to use money from a 2012 legal settlement to address pressing needs as Adams County officials continue efforts to sell the facility. The undisclosed settlement was reached with the medical center’s former management company, Quorum Health. The county-owned hospital had sued Quorum in 2008, […] [...]

Renasant-First M&F merger done; new company holds $5.8B in assets

TUPELO and KOSCIUSKO — Renasant Corporation of Tupelo has completed its merger with First M&F Corporation, a bank holding company headquartered in Kosciusko and the parent of Merchants and Farmers Bank. The combined company has approximately $5.8 billion in total assets with 130 banking, mortgage, financial services and insurance offices throughout Mississippi, Tennessee, Alabama and […] [...]

Study complete, HORNE recommends selling hospital

NATCHEZ — The eventual sale of Natchez Regional Medical Center is necessary and inevitable if the area is going to have comprehensive health care in coming years. The Natchez Democrat reports that’s the takeaway Healthcare Management Partners CEO Scott Phillips said he had from the HORNE Group’s feasibility study about the sale of NRMC. The […] [...]

Supervisors vote yes to hospital contract; to hear from HORNE on study

NATCHEZ — The Adams County Board of Supervisors has voted to enter into what could be a half-million dollar a contract with Healthcare Management Partners. The Natchez Democrat reports the supervisors will hear Monday from the HORNE Group — which the county hired on behalf of Natchez Regional Medical Center — the results of a […] [...]

Bankrupt grocer wants to sell two stores

COLUMBUS and MERIDIAN — Belle Foods is asking a federal bankruptcy judge to let it sale grocery stores in Meridian and Columbus. The Southern Family Market in Columbus and a Piggly Wiggly store in Meridian plus 10 locations in Alabama are on the list for sale if an U.S. Bankruptcy judge in Alabama agrees. The […] [...]

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