Project Type(s): Community and Healthcare
Project Year: 2013
CDE(s): CHHS, MuniStrategies, and Southern Community Capital
NMTC amount: $22,000,000
Total Project Costs: $29,700,000
Baptist Health Systems acquired the Leake Memorial Hospital on October 1, 2011 in a transaction with the Leake County Board of Supervisors. Baptist Leake was constructed as a new hospital facility in this medically underserved area with a $29.7 million investment that features the use of both federal and state NMTCs and tax-exempt bond financing. This is a major investment in the healthcare of a severely distressed rural area in Carthage, Mississippi.
Located in a Persistent Poverty County in the Appalachian Regional Commission (ARC) service area, the investment resulted in an expanded overnight facility, 5 new physicians, 15 new support staff and retention of 111 other high-skilled medical technicians (out of 236 total jobs) in this town of 4,600 residents. Upon a full renovation of the 1940s building, the new facility boasts a 25-bed hospital that offers acute care and swing bed services. The facility also offers MRI, vascular ultrasound, echocardiography, wound care and podiatry services. The Level IV emergency room is staffed by qualified physicians and ancillary staff. Located 68 miles from a Level 1 trauma center and most of the state’s healthcare infrastructure in Jackson, this service expansion in rural Carthage, MS has made an immediate impact in healthcare for thousands of Mississippians.
Leake County has been designated by the Health Resources and Services Administration (HRSA) as a primary medical care/health professional shortage area.