Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

CHS, Natchez Regional Medical Center Sign Definitive Agreement

Community Health Systems, based in Franklin, Tenn., and Natchez (Miss.) Regional Medical Center have signed a definitive agreement allowing CHS to acquire all of Natchez Regional's assets.

The Adams County Board of Supervisors unanimously approved the sale of 179-bed Natchez Regional to CHS last week. Under the agreement, CHS will pay $18 million in the sale — $10 million in cash up front and $8 million in prepaid city and Adams County ad valorem taxes.

The sale comes after Natchez Regional filed for Chapter 9 bankruptcy in February. Natchez Regional CFO Charles Mock said liabilities of the hospital exceeded its assets by $3 million.

More Articles on Healthcare Industry Acquisitions:

5 Key Questions to Ask When Planning Possible Transactions
7 Top Acquisition and Affiliation Arrangements
8 Key Statistics on Expected Improvements From Acquisitions, Affiliations 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars