- Associated Press - Friday, March 28, 2014

NATCHEZ, Miss. (AP) - The Adams County Board of Supervisors has ratified an agreement that will extend a $1.5 million line of credit to Natchez Regional Medical Center through the end of April.

The agreement came Thursday after the supervisors met with the county-owned hospital’s attorney, Walter Brown.

Supervisors’ attorney Scott Slover says the line of credit with United Mississippi Bank has actually been in existence since 2008, but has been reduced from $3 million to the current $1.5 million.

The Natchez Democrat reports (https://bit.ly/1jCcp9Q ) the line of credit has been used to finance the hospital’s patient accounts receivable.

The hospital filed a petition for Chapter 9 bankruptcy in federal court Wednesday, a move hospital administrators said was necessary to keep the doors open as the hospital’s financial obligations exceed its assets.


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



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