Ole Miss Buys Baptist Hospital (Oxford) in $22 Million Deal

Ole Miss is buying Baptist Memorial Hospital-North Mississippi for $22 million, the university announced Thursday, June 15.

Baptist Memorial Health Care Corp. reached the purchase and sale agreement with the University of Mississippi as it builds a new, $300 million acute care facility that is one of the largest economic development projects ever in Lafayette County, Mississippi.

Baptist has a lease-back option in the agreement announced this week that allows it to remain in the existing hospital at 2301 S. Lamar Blvd. until the new hospital opens in November. The new hospital is located on an extension of Belk Boulevard between South Lamar and Old Taylor Road.

“The purchase of this property allows us to provide improved space for our support units and other functions that serve external constituencies,” said Ole Miss Chancellor Jeffrey Vitter in a written statement. “It will also be a major factor in helping us effectively address our capacity for future growth.”

Read more: https://www.memphisdailynews.com/news/2017/jun/22/ole-miss-buys-baptist-hospital-in-22-million-deal/