Court Approves Sale of Crosby Memorial Hospital to Picayune Clinic, LLC.Business Editors, Health/Medical Writers NASHVILLE, Tenn.--(BUSINESS WIRE)--June 22, 2000 New American Healthcare Corporation, Brentwood, Tennessee Brentwood is a city in Williamson County, Tennessee, United States. The population was 23,445 as of the U.S. Census Bureau's 2000 census, and as of 2007, Brentwood's population has increased to over 30,000. Brentwood is an affluent Nashville suburb. , announced today that the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , Middle District of Tennessee, has approved the sale of Crosby Memorial Hospital by New American Healthcare. Under the agreement, Picayune Picayune (pĭkəy  n`), city (1990 pop. 10,633), Pearl River co., S Miss., near the Pearl River and the La. line; inc. 1904. Clinic, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control will acquire Crosby Memorial Hospital, a 95-bed hospital in Picayune, Mississippi Picayune is the largest city in Pearl River County in Mississippi, a state of the United States of America. The population according to the 2006 census estimate was 20,000. The population was 10,535 at the 2000 census. . The transaction is expected to close by July 31. Terms were not disclosed. "The sale the court approved today is part of our previously announced strategy of putting our hospitals into the hands of new owners that can invest in making them high-quality assets for the communities, patients and medical professionals that rely on them," said Tom Singleton, president and chief executive officer of New American Healthcare. "We are especially pleased that Crosby Memorial is being purchased by a group that has clearly demonstrated its commitment and ability to operate in the interest of the people it serves. The mayor and city government have pledged to work with the physicians to provide quality healthcare to the citizens of the area served by the hospital." On April 19, New American Healthcare and its hospital subsidiaries voluntarily filed petitions for protection under Chapter 11 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Code. At the time of the filing, the company had letters of intent for the sale of seven of its eight hospitals. New American Healthcare currently owns eight acute care hospitals in six states with 861 licensed beds. More information about the Company is available at http://www.nahc.net. |
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