The Jackson County, Mississippi, board of supervisors announced it chose Louisiana Catholic nonprofit Franciscan Missionaries of Our Lady Health System to purchase the Gulf Coast’s Singing River Health System.
The decision comes after an extensive proposal period in which potential buyers put in bids for the Mississippi hospital system, reports Mississippi Today. Singing River CEO Tiffany Murdock announced last year the 700-bed hospital system was seeking a buyer to put it on firmer footing for the future.
While hospitals across Mississippi came out of the pandemic in the red, Singing River’s finances were in decent shape, and it even grew its revenue in 2021. Murdock said she was pushing for a buyer while the system was an appealing investment, fearing the challenges in years to come. Read more.
