Steward Well being Care introduced Thursday that it has entered into definitive agreements to promote 4 Massachusetts-based hospitals. Beneath the phrases of the asset acquire agreements, Lifespan will acquire Morton Health facility and Saint Anne’s Health facility, and Lawrence Common Health facility will acquire Holy Circle of relatives Health facility-Methuen and Holy Circle of relatives Health facility-Haverhill. The events are finalizing an settlement to promote Steward’s Excellent Samaritan Clinical Middle and St. Elizabeth’s Clinical Middle operations to Boston Clinical Middle. “As Steward continues to development during the ongoing Bankruptcy 11 complaints, we’re delighted to have recognized such certified acquirers for hospitals within the Commonwealth which might be crucial to the well being of underserved populations,” John Castellano, Steward’s Leader Restructuring Officer, mentioned. “This settlement accomplishes our function of keeping up and protective get entry to to care and jobs in Southeastern Massachusetts and the Merrimack Valley whilst putting off Steward Well being Care from Massachusetts as soon as and for all,” Gov. Maura Healey mentioned. The for-profit, personal equity-backed health facility crew’s troubles exploded into view this yr with the revelation that it owed about $50 million in unpaid hire. The Dallas-based crew introduced in July that it deliberate to promote the health facility and shut Carney Health facility in Dorchester and Nashoba Valley Clinical Middle in Ayer.The Healey-Driscoll management mentioned it will take regulate of Saint Elizabeth’s via eminent area to facilitate the transition to a brand new proprietor and stay the health facility open.”We proceed to paintings as briefly as conceivable to finish the settlement for any other certified operator to take over Excellent Samaritan, transfer ahead on our plans to take regulate of St. Elizabeth’s via eminent area, and toughen the communities impacted by way of the impending closures of Nashoba Valley and Carney Hospitals,” Healey mentioned.The way forward for Norwood Health facility, which was once beneath development, stays unclear.
BOSTON — Steward Well being Care introduced Thursday that it has entered into definitive agreements to promote 4 Massachusetts-based hospitals. Beneath the phrases of the asset acquire agreements, Lifespan will acquire Morton Health facility and Saint Anne’s Health facility, and Lawrence Common Health facility will acquire Holy Circle of relatives Health facility-Methuen and Holy Circle of relatives Health facility-Haverhill.
The events are finalizing an settlement to promote Steward’s Excellent Samaritan Clinical Middle and St. Elizabeth’s Clinical Middle operations to Boston Clinical Middle. “As Steward continues to development during the ongoing Bankruptcy 11 complaints, we’re delighted to have recognized such certified acquirers for hospitals within the Commonwealth which might be crucial to the well being of underserved populations,” John Castellano, Steward’s Leader Restructuring Officer, mentioned. “This settlement accomplishes our function of keeping up and protective get entry to to care and jobs in Southeastern Massachusetts and the Merrimack Valley whilst putting off Steward Well being Care from Massachusetts as soon as and for all,” Gov. Maura Healey mentioned. The for-profit, personal equity-backed health facility crew’s troubles exploded into view this yr with the revelation that it owed about $50 million in unpaid hire.
The Dallas-based crew introduced in July that it deliberate to promote the health facility and shut Carney Health facility in Dorchester and Nashoba Valley Clinical Middle in Ayer.
The Healey-Driscoll management mentioned it will take regulate of Saint Elizabeth’s via eminent area to facilitate the transition to a brand new proprietor and stay the health facility open.”We proceed to paintings as briefly as conceivable to finish the settlement for any other certified operator to take over Excellent Samaritan, transfer ahead on our plans to take regulate of St. Elizabeth’s via eminent area, and toughen the communities impacted by way of the impending closures of Nashoba Valley and Carney Hospitals,” Healey mentioned.The way forward for Norwood Health facility, which was once beneath development, stays unclear.
