Amory hospital in first phases of ownership transaction
The Gilmore Health System, Inc., board of directors announced a preliminary plan to transfer ownership of Gilmore Memorial Hospital to Health Management Associates.
The transfer of ownership would require HMA to invest more than $18 million in the hospital and to make a cash payment in excess of $45 million.
The two organizations are expected to finalize their agreement in about two months, and the transaction will likely be complete by the end of the year.
