- Associated Press - Wednesday, February 4, 2015

MAGNOLIA, Miss. (AP) - Pike County is transferring Beacham Memorial Hospital to the South Pike Hospital Association in an effort to help the struggling medical center.

The nonprofit association operates the 37-bed hospital but does not own it.

The Enterprise-Journal reports (http://bit.ly/1zABUxj ) the town of Magnolia recently turned its 10 percent share over to the county. The board of supervisors on Monday gave it all to the nonprofit group.

The transfer is subject to approval from the Mississippi Department of Health.

The 77-year-old hospital was built by bonds issued by the county and town. The bonds were repaid by the hospital association.

Beacham let go half of its employees last year due to falling revenues from reduced Medicaid reimbursements.

Hospital officials say the transfer means Beacham can borrow money for repairs and additions.

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Information from: Enterprise-Journal, http://www.enterprise-journal.com

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