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New Owners Take Over Four Steward Hospitals in MA
Massachusetts Gov. Maura Healey said Thursday that Lifespan Corporation has filed an asset purchase agreement (APA) to acquire and operate Saint Anne’s Hospital in Fall River and Morton Hospital in Taunton and that Lawrence General Hospital has filed an APA to acquire and operate both campuses of Holy Family Hospital in Haverhill and Methuen. All four were among the remaining Steward Health hospitals in Massachusetts following the Dallas-based operator’s bankruptcy filing in May.
Financial terms were not disclosed. The Lifespan and Lawrence General agreements will have to be approved by the bankruptcy court at the upcoming hearing on Sept. 4. The state will support these new operators for a limited time, Healey said.
Still to be finalized is Boston Medical Center’s takeover of Good Samaritan Medical Center in Brockton. The Healey-Driscoll administration is also in the process of taking control of Saint Elizabeth’s in Boston through eminent domain to facilitate the transition to a new owner, Boston Medical Center.
Pictured: Holy Family Hospital in Haverhill, MA.
- ◦Sale/Acquisition
