By Errol Castens/NEMS Daily Journal
OXFORD – Lafayette County supervisors on Monday approved a memorandum of understanding that outlines conditions for Baptist Memorial Health Care Corporation to buy the hospital owned jointly by the county and the City of Oxford.
City aldermen approved a nearly identical memorandum in May.
The agreement calls for Baptist to replace the existing hospital, which it has leased since 1989 and on which its lease extends through May 31, 2034.
As part of the transaction, Baptist agrees to build a new regional referral hospital at a yet-to-be-decided location within Oxford city limits at a cost of at least $250 million. It will also split $60 million between the county and city.
As envisioned, the facility will include 500,000 to 600,000 square feet of space on 50 acres or more of property and would incorporate new technology as well as more space for key clinical services.