Morehouse General Hospital in Bastrop, La., has entered into negotiations for a management agreement with Plano, Texas-based Community Hospital Corp., according to The News Star.
The hospital previously entered negotiations with IASIS Healthcare, a hospital chain based in Franklin, Tenn. However, IASIS ended talks after determining it would not be financially beneficial to move forward with lease agreement, according to the report.
At a recent Louisiana Fiscal Review Committee meeting, Morehouse General Hospital CEO and CFO Jim Albritton said the hospital wants to sign an agreement with CHC with an effective date of May 26.
Morehouse General is seeking a partnership due to financial troubles, which Mr. Albritton said are primarily due to a decline in patient volume, according to the report.
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