Court hearing on Natchez hospital bankruptcy
NATCHEZ, Miss. (AP) – A federal court is expected to approve the bankruptcy plan for Natchez Regional Medical Center.
The Natchez Democratic reports (http://bit.ly/1rvgE80 ) Judge Neil P. Olack will preside over the bankruptcy hearing Monday.
Natchez Regional filed a Chapter 9 bankruptcy in March after months of attempting to find a buyer for the county-owned hospital.
Earlier this month, Community Health Systems, based in Franklin, Tennessee, purchased the hospital, pending approval of the bankruptcy court.
The bankruptcy attorneys and creditors have agreed upon a plan that must be confirmed by the judge for the proceeding to move forward.
The plan includes a two-year payback of unsecured creditors.
