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Rural hospitals largest category to lean on PPP loans
Rural hospitals in particular leaned heavily on PPP loans. As a result, medical facilities were the largest category of PPP borrowers in the state. Medical businesses represented the largest percentage of Mississippi loans by amount, 14.8%. Nationwide, medical businesses received about 10% on average.
Many of them were in dire straits before the pandemic. Data from the Center for Healthcare Quality and Payment Reform lists Mississippi as having the third largest number of rural hospitals at risk of closure, 41, and it ranks the second worst in the nation in terms of average profit margins. A 2015 report by Mississippi State University listed nine Mississippi hospitals at very high risk of closure, and five rural hospitals in the state have already closed, according to data from the Chartis Center for Rural Health.