Natchez hospital launches sale process

NATCHEZ, Miss. (AP) — Natchez Regional Medical Center will seek a “stalking horse” bid in which a potential buyer makes an initial offer to set the floor for an auction.

Hospital officials tell The Natchez Democrat (http://bit.ly/1gHQerT) that three health care providers have agreed to participate.

Healthcare Management Partners has been hired by Adams County in July to help negotiate the sale of the county-owned NRMC.

Hospital officials say the three potential bidders have been given access to proprietary information about the hospital’s finances, employees and outlook for coming years.

Officials have said making the hospital part of a larger system is the only way to attract physicians and a larger health care system can afford to replace the hospital’s aging physical plant.

NRMC opened in 1960 as Jefferson Davis Memorial Hospital.

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Information from: The Natchez Democrat, http://www.natchezdemocrat.com/

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