{"id":68159,"date":"2017-06-15T11:05:25","date_gmt":"2017-06-15T16:05:25","guid":{"rendered":"http:\/\/news.olemiss.edu\/?p=68159"},"modified":"2017-06-15T17:22:52","modified_gmt":"2017-06-15T22:22:52","slug":"university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi","status":"publish","type":"post","link":"https:\/\/web20.olemiss.edu\/news\/wordpress\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/","title":{"rendered":"University of Mississippi to Purchase Property from Baptist Memorial Hospital-North Mississippi"},"content":{"rendered":"
\"\"

The University of Mississippi and Baptist Memorial Hospital-North Mississippi announced Thursday, June 15 that they reached a purchase and sale agreement for the existing hospital property located at 2301 South Lamar Blvd. in Oxford.<\/p><\/div>\n

OXFORD, Miss. \u2013 The University of Mississippi and Baptist Memorial Hospital-North Mississippi are pleased to announce they have reached a purchase and sale agreement for the existing hospital property located at 2301 South Lamar Blvd.<\/p>\n

The acquisition of the property will allow the university to address current space allocation challenges as well as future growth needs.<\/p>\n

\u201cThe university is always examining how best to nurture and manage growth associated with strong demand for our academic programs,\u201d Chancellor Jeffrey Vitter said. \u201cWe will continue to focus the heart of campus on our core, academic functions.<\/p>\n

\u201cThe purchase of this property allows us to provide improved space for our support units and other functions that serve external constituencies. It will also be a major factor in helping us effectively address our capacity for future growth.\u201d  <\/p>\n

Baptist North Mississippi is an acute care facility serving the northern third of Mississippi. One of the fastest-growing hospitals in the region, the new replacement hospital has been in planning since 2009. The new five-story hospital will have more comprehensive medical and surgical services to serve those in need and offer more convenience to patients and visitors.<\/p>\n

\u201cThis was a very easy decision for us,\u201d said Jason Little, president and CEO of Baptist Memorial Health Care. \u201cWe have been part of this community for nearly 30 years, and we have enjoyed a great relationship with the university during that time. We are proud to be able to help advance the university\u2019s mission however we can.\u201d<\/p>\n

The new hospital represents one of the largest economic development projects in the history of Oxford and Lafayette County and will further position Baptist North Mississippi as a regional referral center, providing greater accessibility for patients and space to expand services for generations to come.<\/p>\n

\u201cOn behalf of the Board of Aldermen and the city of Oxford, we are pleased with the Baptist North Mississippi and the University of Mississippi\u2019s purchase and sale agreement,\u201d Oxford Mayor Pat Patterson said. \u201cWe think it will serve our growing community well.<\/p>\n

\u201cThis is a smart use of existing space, and we look forward to this transition. We are proud of these major milestones in our community.\u201d<\/p>\n

\u201cThis sale signifies a great partnership between the University of Mississippi and Baptist North Mississippi,\u201d said Jeff Busby, president of the Lafayette County Board of Supervisors. \u201cI think this will be a huge asset to this community, and I appreciate Baptist keeping us informed throughout this process.<\/p>\n

\u201cWe are excited about both the opening of the new hospital and also the transformation of the Baptist property by the university.\u201d<\/p>\n

The agreement includes a lease-back to allow Baptist North Mississippi sufficient time to complete the move into its new facility, which is currently under construction. Baptist North Mississippi\u2019s new hospital facility \u2014 expected to open in November 2017 \u2014 is located on an extension of Belk Boulevard that connects South Lamar Boulevard with Old Taylor Road, south of Highway 6.<\/p>\n

\u201cThroughout this process, our top priority was finding a new owner that would use the property for a cause that would benefit our city, and we believe the university is a perfect choice,\u201d said Bill Henning, administrator and CEO of Baptist North Mississippi. \u201cWe look forward to seeing how the university will transform the facility and the positive impact it will have on our community.\u201d<\/p>\n

In 2016, The Chronicle of Higher Education named Ole Miss the nation\u2019s eighth-fastest growing college among both public and private institutions in its Almanac of Higher Education, moving up from 13th in 2014. The ranking is based upon enrollment growth from fall 2006, when the university enrolled 14,497 students, to fall 2016, with 24,250 students registered. Enrollment at the university has increased for 22 consecutive years.<\/p>\n

\u201cAs the university continues to address the level and scope of our growth, we must manage the need for quality space,\u201d said Larry Sparks, UM vice chancellor for administration and finance. \u201cThe acquisition of this property allows us to efficiently and cost-effectively address that challenge especially when taking into account the cost of new construction versus renovation. This purchase is good business and gives us capacity that has an economy of scale.\u201d<\/p>\n

The university, which has been planning for additional needed space on campus, will pay $22 million for the 15-acre site. Through effective resource management, the university is in a position to capitalize on the opportunity to purchase the Baptist North Mississippi property, which includes a 428,000-square-foot building, a parking garage with 670 parking spaces, 250 surface parking spaces and 75 underground parking spaces. The purchase of the property provides almost seven times more space than similar costs for new construction.    <\/p>\n

The agreement was approved by the Board of Trustees of State Institutions of Higher Learning at its June 15 meeting. Now the purchase agreement will be submitted to the city of Oxford and Lafayette County for their option to match under their right of first refusal. They will have 30 days to respond.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

OXFORD, Miss. \u2013 The University of Mississippi and Baptist Memorial Hospital-North Mississippi are pleased to announce they have reached a purchase and sale agreement for the existing hospital property located at 2301 South Lamar Blvd. The acquisition of the property will allow the university to address current space allocation challenges as well as future growthRead the story …<\/a><\/p>\n","protected":false},"author":16,"featured_media":68168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[4,221,199],"tags":[],"yoast_head":"\nUniversity of Mississippi to Purchase Property from Baptist Memorial Hospital-North Mississippi - Ole Miss News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/news.olemiss.edu\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"University of Mississippi to Purchase Property from Baptist Memorial Hospital-North Mississippi - Ole Miss News\" \/>\n<meta property=\"og:description\" content=\"OXFORD, Miss. \u2013 The University of Mississippi and Baptist Memorial Hospital-North Mississippi are pleased to announce they have reached a purchase and sale agreement for the existing hospital property located at 2301 South Lamar Blvd. The acquisition of the property will allow the university to address current space allocation challenges as well as future growthRead the story …\" \/>\n<meta property=\"og:url\" content=\"http:\/\/news.olemiss.edu\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/\" \/>\n<meta property=\"og:site_name\" content=\"Ole Miss News\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-15T16:05:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-06-15T22:22:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-content\/uploads\/2017\/06\/BMH-Buildingcrop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1150\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OleMissRebels\" \/>\n<meta name=\"twitter:site\" content=\"@OleMissRebels\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/#website\",\"url\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/\",\"name\":\"Ole Miss News\",\"description\":\"The official source for University of Mississippi news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"http:\/\/news.olemiss.edu\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-content\/uploads\/2017\/06\/BMH-Buildingcrop.jpg\",\"width\":2048,\"height\":1150,\"caption\":\"The University of Mississippi and Baptist Memorial Hospital-North Mississippi announced Thursday, June 15 that they reached a purchase and sale agreement for the existing hospital property located at 2301 South Lamar Blvd. in Oxford.\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/news.olemiss.edu\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/#webpage\",\"url\":\"http:\/\/news.olemiss.edu\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/\",\"name\":\"University of Mississippi to Purchase Property from Baptist Memorial Hospital-North Mississippi - Ole Miss News\",\"isPartOf\":{\"@id\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/news.olemiss.edu\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/#primaryimage\"},\"datePublished\":\"2017-06-15T16:05:25+00:00\",\"dateModified\":\"2017-06-15T22:22:52+00:00\",\"author\":{\"@id\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/#\/schema\/person\/15f131381ef8705fcffc0fb1ea058902\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/news.olemiss.edu\/university-of-mississippi-to-purchase-property-from-baptist-memorial-hospital-north-mississippi\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/#\/schema\/person\/15f131381ef8705fcffc0fb1ea058902\",\"name\":\"benita\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/web20.olemiss.edu\/news\/wordpress\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/2.gravatar.com\/avatar\/57872c497471d8a8a644a02ad254ae03?s=96&d=mm&r=g\",\"caption\":\"benita\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/posts\/68159"}],"collection":[{"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/comments?post=68159"}],"version-history":[{"count":9,"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/posts\/68159\/revisions"}],"predecessor-version":[{"id":68209,"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/posts\/68159\/revisions\/68209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/media\/68168"}],"wp:attachment":[{"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/media?parent=68159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/categories?post=68159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web20.olemiss.edu\/news\/wordpress\/wp-json\/wp\/v2\/tags?post=68159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}