The Clarke County Circuit Court has approved the sale of Thomasville Regional Medical Center to a company based in Baldwin County, lifting the city’s hopes of reopening the medical center that has been closed since October.
In a press release from Mayor Sheldon Day, the sale has been approved for Prestige Thomasville LLC, organized by JMF Solutions Inc. of Baldwin County, which would bring the property on Highway 43 out of receivership.
Day said the sale is expected to close in June and that Prestige is “working to open its new acute care hospital shortly thereafter.”
The primary lender for the hospital, North Avenue Capital, has worked with stakeholders to evaluate and choose a purchaser for the facility. Nine different entities expressed interest in purchasing or operating the facility.
Day said the city and its Health Care Authority have been involved in vetting potential purchasers and working to find the best solution for high-quality healthcare for Thomasville and the surrounding region.
“We have always envisioned something special for our city,” said Day. “Rural hospitals face challenges throughout the country. We believe that with new ownership and some key partnerships we have an opportunity to create something special here in Thomasville.”
Prestige’s principal officer Mike Francis said in a statement he was excited about becoming part of the Thomasville community and building a model for rural healthcare in southwest Alabama.
“It is clear to me that Thomasville is a special place that serves a large and vibrant rural community. This Hospital and medical facilities property is vital to the community, and we are blessed to be a part of it. The Thomasville community has a commitment to excellence, which we fully intend to uphold. The passion my team has experienced with the city’s leadership, especially regarding healthcare, is contagious and inspiring. We want to be part of that! We truly believe our team and Thomasville have an opportunity to create a new model for rural healthcare.”
Thomasville’s hospital was previously owned and operated by Thomasville Regional Medical Center. TRMC closed the hospital on September 20, 2024, after struggling to gain its footing after the COVID pandemic.
JMF has formed an affiliated company, Prestige Thomasville, for the transaction and continues to discuss closing terms with North Avenue Capital while fully engaged with the city and Healthcare Authority. After the April 30 court approval, it is expected to expedite completion of its new operating plan. Francis said he expects and hopes that many prior employees that worked in Thomasville will return.
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