NATCHEZ, Miss. (AP) — The auction of Natchez Regional Hospital is scheduled for Sept. 11.
If all goes to plan, the hospital will be sold to Community Health Systems.
The Natchez Democrat reports (http://bit.ly/1rnsYYF ) bidders must be qualified by Sept. 8.
The starting bid for the auction will be the $18 million.
Community Health Systems is the bidding stalking horse. That means the price it negotiated with the Natchez hospital would be the bottom bid when the hospital is placed on the market.
If no one outbids the stalking horse, the sale will automatically go to Community.
NRMC opened in 1960 as Jefferson Davis Memorial Hospital. Its $2.4 million construction was underwritten by local, state and federal funds.
It has been financially independent since 1974 and does not receive tax support.
Information from: The NatchezDemocrat, http://www.natchezdemocrat.com/