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 auction of the hospital by the Adams County Board of Supervisors on Sept. 11. The sale of the hospital was approved by the U.S. Bankruptcy Court Tuesday.
A separate subsidiary of the company owns and operates 101-bed Natchez Community Hospital, which became an affiliate of Community Health Systems through the acquisition of Health Management Associates Inc. in January 2014. Over time, operations of the two Natchez hospitals will be consolidated to create a stronger, more efficient healthcare delivery system.
Wayne T. Smith, chairman and chief executive officer of Community Health Systems, said, “We see considerable opportunity to support the physicians and employees of these hospitals as they work together to create a sustainable, successful healthcare system. The combination of these facilities ultimately will result in an operationally strong hospital, a more coordinated approach to patient care, and enhanced access to a wide array of quality health services for local residents.”
Community Health Systems’ affiliates own and operate 13 acute care hospitals in Mississippi.
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