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.

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