HMP team assists in securing 25 year lease for Hancock Medical Center

Last year, the board began investigating whether selling Hancock Medical was feasible. The board contracted with Healthcare Management Partners (HMP), a Tennessee-based company, to begin the process of leasing or selling the hospital. Scott Phillips of HMP said Tuesday that about 110 hospitals and medical providers were identified as potential bidders. Ochsner has committed to invest $33.75 million in lease payments and capital investments into the county and facility and to make efforts to recruit physicians and expand clinical services.

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