Mississippi County Negotiating Sale Of Osceola Hospital

by Mark Friedman  on Monday, Mar. 4, 2013 12:00 am  

An “out-of-town” doctor is interested in buying the South Mississippi County Regional Medical Center in Osceola, said Mississippi County Judge Randy Carney.

Carney declined to name the doctor, who approached the county with the offer last month.

The doctor wants to buy the 25-bed hospital, close it and replace it with a smaller facility.

The doctor “has been in business for a long time and he’d like to get into the administrative part of it,” Carney said.

A price for the hospital hasn’t been discussed, he said.

“This is the first step of many steps,” he said. “We’d certainly love to see it come to fruition. I’ve said all along that I’d like to see our county get out of the hospital business, and this would get us halfway out.”

Mississippi County also owns a 25-bed hospital in Blytheville. The doctor might consider buying that facility, “maybe down the road,” Carney said.

SMC Regional Medical Center reported a loss of $2.7 million on total patient revenue of $23.2 million in 2011. Since then, Carney said, the hospital has been profitable, but he didn’t have the financial figures immediately available.



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