Board approves tax credit for hospital buyer - KNOE 8 News; KNOE-TV; KNOE.com |

Board approves tax credit for hospital buyer

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NATCHEZ, Miss. (KNOE 8 News/AP) - Natchez Aldermen have agreed to give a potential buyer of Natchez Regional Medical Center a tax credit to help pay the bankrupt hospital's debt.

The city's move on Tuesday was crucial to a proposed deal to sell the county-owned hospital to a private company.

Natchez Regional Board Attorney Walter Brown made the request before the city board. Brown explained that the hospital was finalizing an asset-purchase agreement.

Details of the proposed sale have not been released.

Mayor Butch Brown told the board after the unanimous approval that the city's involvement would help the potential sale move forward.

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