Community Health Systems executives have signed a letter of intent to acquire the 179-bed Natchez Regional Medical Center in southwestern Mississippi, which is located just half a mile down the street from the company's 101-bed Natchez Community Hospital. The hospital's managers hope to put the agreement before the county-owned hospital's trustees soon. Following approval by that group, other interested bidders will have a chance to beat CHS' offer via an auction.
CHS, which runs 12 hospitals in Mississippi, has a history with Natchez Regional. The company's Quorum Health Resources management arm ran the hospital for more than a decade but was sued for $46 million in 2009 after the facility had to file for bankruptcy.
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