Delta Health System Lease Buyout Approved
Coahoma CountyCounty · MS- Disclosed value
- Minimum consideration of $5,600,000 including lump sum cash or installments, accounts receivable assignment, and equipment transfer; plus $150,000 per month beginning May 1, 2023; initial cash of $1,500,000 with $500,000 letter of credit (Option 1) or $1,000,000 with $1,000,000 letter of credit (Option 2)
- From resolution
- Approved
- Sep 30, 2023
The 30-second brief
Coahoma County approved a lease buyout agreement with Delta Health System for Northwest Mississippi Regional Medical Center, providing minimum consideration of $5.6 million plus monthly payments of $150,000 secured by a letter of credit. The agreement includes assignment of hospital accounts receivable, transfer of equipment and furnishings, and reassignment of the lease to the hospital’s Board of Trustees.
Delta Health System holds this contract with Coahoma County. Its other public contracts on record include work for Town of Coahoma and Town of Tremont.
Term as filed: Monthly payments beginning May 1, 2023 for a period determined by the aged accounts receivable balance as of April 30, 2023.
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Contract details
- Amount
- Minimum consideration of $5,600,000 including lump sum cash or installments, accounts receivable assignment, and equipment transfer; plus $150,000 per month beginning May 1, 2023; initial cash of $1,500,000 with $500,000 letter of credit (Option 1) or $1,000,000 with $1,000,000 letter of credit (Option 2)
- Document date
- September 30, 2023
- Term
- Monthly payments beginning May 1, 2023 for a period determined by the aged accounts receivable balance as of April 30, 2023
- Vendor
- Delta Health System
- Agency
- Coahoma County
- Source document
- coahoma-county-board-of-supervisors-resolution-september-30-2023_519.pdf (Resolution)
Delta Health System's other public contracts
More Coahoma County contracts
Questions about this contract
Who was awarded the government contract by Coahoma County?
Delta Health System was awarded this government contract by Coahoma County, as recorded on September 30, 2023. The contract value is Minimum consideration of $5,600,000 including lump sum cash or installments, accounts receivable assignment, and equipment transfer; plus $150,000 per month beginning May 1, 2023; initial cash of $1,500,000 with $500,000 letter of credit (Option 1) or $1,000,000 with $1,000,000 letter of credit (Option 2).
How much is the Delta Health System contract with Coahoma County worth?
The Delta Health System contract with Coahoma County is valued at Minimum consideration of $5,600,000 including lump sum cash or installments, accounts receivable assignment, and equipment transfer; plus $150,000 per month beginning May 1, 2023; initial cash of $1,500,000 with $500,000 letter of credit (Option 1) or $1,000,000 with $1,000,000 letter of credit (Option 2).
What type of contract is this?
This is a government contract, documented as a resolution record.
Where was this contract approved?
This contract appears in coahoma-county-board-of-supervisors-resolution-september-30-2023_519.pdf (Resolution), dated September 30, 2023 from Coahoma County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Delta Health System hold?
Delta Health System may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Coahoma County currently buying?
Explore Coahoma County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.