May 18, 2024
Franciscan well being system buying three Mississippi hospitals

The Franciscan Missionaries of Our Girl Well being System will purchase the Singing River Well being System in Jackson County, Mississippi, increasing the system’s presence there. 

The Jackson County Board of Supervisors introduced the choice Monday to promote the well being system to the Baton Rouge-based nonprofit. 

Ken Taylor, president of the Jackson County Board of Supervisors, says in an interview with the Biloxi Solar Herald that Singing River Well being System approached the board a 12 months in the past on the lookout for thousands and thousands of {dollars} in strategic funding. Unwilling to extend taxes to the quantity the well being system desired, the board and Singing River determined to search for a “like-minded” group to amass the system. 

One other Louisiana group, Ochsner Well being, was thought-about the front-runner within the search and the Solar Herald reported that the choice to maneuver ahead with FMOLHS would “come as a shock to many individuals.”

The county and FMOLHS will full due diligence for the deal over the subsequent two months and the sale is predicted to shut in early September. 

Singing River Well being System could be a big addition to FMOLHS’s community of hospitals and clinics. Singing River operates three hospitals, in Pascagoula, Ocean Springs and Gulfport, and is the second-largest employer in Jackson County. 

Together with Our Girl of the Lake Regional Medical Heart in Baton Rouge, FMOLHS operates 9 hospitals within the South. The Baton Rouge-based nonprofit expanded in Mississippi in 2019 with its acquisition of St. Dominic’s Hospital in Jackson.