The decision is being hailed by some as the most important the Jackson County, Mississippi supervisors may ever make: Sell the financially-strapped Singing River Health System or keep it county-owned as it has been for nearly a century, a move that would likely mean a tax increase for residents, the SunHerald reports.
Hospital administrators said the sale is necessary to keep Singing River sustainable as it faces heavy financial challenges — and warned that, if it doesn’t, the county will have to step in and keep it solvent by raising taxes.
A recent valuation by the Jackson, MS-based financial services firm Raymond James suggested the hospital would sell for $158 million to $238 million. But some community members remain unconvinced — and are determined to bring the matter to a countywide vote. Read more.
