- Associated Press - Friday, February 28, 2014

NATCHEZ, Miss. (AP) - Natchez Regional Medical Center’s attorney said negotiations with a potential buyer are ongoing.

The Natchez Democrat reports (http://bit.ly/1fYjHwS ) the potential buyer sent a team to inspect the hospital last week.

Healthcare Management Partners Chief Executive Officer Scott Phillips - a consultant hired to help sell the facility - said the company’s top management was reviewing the team’s assessment before deciding to move forward.

As the hospital waits for word from the buyer, the bill that would allow the hospital to file for bankruptcy was referred to the Senate’s local and private legislation committee.

The hospital filed for bankruptcy in 2009 and exited it later that year. The current bankruptcy action became necessary to keep the hospital’s doors open, when financial liabilities exceeded its revenues by $3 million.

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

Copyright © 2016 The Washington Times, LLC.

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