Hospital’s loan plan approved

Published 7:44 pm Tuesday, June 24, 2008

Natchez Regional Medical Center has received approval for its plan to borrow $3 million to cover the hospital’s financial and administrative restructuring.

The loan plan was approved through the state-sponsored Mississippi Development Bank. Officials said the hospital will get the money from a local bank.

Part of the loan will pay for a study of the publicly owned hospital. Officials are trying to determine whether the hospital should be leased or sold.

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In May, the financially struggling hospital laid off 65 workers.

Officials have said the hospital is losing between $250,000 to $300,000 per month.