0 Comments for this article

JACKSON, Miss. (AP) – The University of Mississippi Medical Center would lease Grenada-Lake Medical Center for at least 20 years, paying for the lease by taking on the hospital’s $35 million in long-term debt.

The College Board’s Finance Committee discussed the plan in a closed session Wednesday and the board is expected to vote Thursday.

The Grenada County Board of Supervisors, which owns the hospital, voted late last year to enter into talks with UMMC after seeking proposals.

Under the agreement being considered, UMMC would start managing the hospital Sept. 1 and would begin the lease in 2014. The lease could extend up to 50 years, if both sides agree.

Vice Chancellor for Health Affairs Dr. James Keeton says UMMC will expand services and train more physicians at the hospital.

 

Comment on this Story

Related News

41878761 - entertainment news showing newsletter media and word
33 mins ago
0 Comments for this article
Pam Grier, Jessye Norman win W.E.B. Dubois medals
Read More»
MSQUITO
60 mins ago
0 Comments for this article
New West Nile Case In Mississippi
Read More»
polo-custom-products
1 hour ago
0 Comments for this article
New Jobs Heading To Winston County
Read More»