Healthcare Business News

Regional News/South: Miss. hospital plans second bankruptcy filing

By Rachel Landen
Posted: February 8, 2014 - 12:01 am ET

Natchez (Miss.) Regional Medical Center plans to file for Chapter 9 bankruptcy for the second time in five years. The hospital's financial liabilities exceed its assets by about $3 million, according to local reports. Natchez officials have blamed decreases in revenue from declining federal reimbursements for putting the hospital in the red.

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As a result, the county-owned hospital, with the help of Healthcare Management Partners, has been looking since July for a suitable buyer to take over. Just last month, officials announced that a potential buyer had been identified and negotiations were underway. This isn't the first time Natchez Regional has attempted to find a buyer. The hospital put itself up for sale in 2008 but the process ended without a buyer being identified.

Follow Rachel Landen on Twitter: @MHrlanden

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