UMMC to enter lease agreement for Grenada Lake Medical Center

August 16, 2013 in Family Medicine, Health, News, Statewide News, Top Stories

With approval Thursday from the State Institutions of Higher Learning Board of Trustees, University of Mississippi Medical Center leaders will sign an agreement to lease the 156-bed Grenada Lake Medical Center from the Grenada County Board of Supervisors.
 
Under the agreement, UMMC would begin managing GLMC Sept. 1, and lease the facility beginning Jan. 1. Under the terms, UMMC would pay the county about $1.8 million annually to retire the facility’s $37.4 million debt.