Healthcare DIVE August 30, 2024
The bankrupt health system has signed definitive agreements to divest four facilities and is hoping to finalize others soon, according to new documents filed in U.S. federal bankruptcy court.
Dive Brief:
- Steward Health Care has signed definitive agreements to sell four Massachusetts hospitals and is close to finalizing agreements to transition two other facilities to new operators, according to documents filed in U.S. federal bankruptcy court Thursday.
- Rhode Island-based Lifespan Health System will pay $175 million for the operating licenses, buildings and land associated with St. Anne’s Hospital in Fall River and Morton Hospital in Taunton, according to the purchase agreement. Massachusetts-based Lawrence General Hospital plans to take over both Holy Family Hospital campuses in Methuen and Haverhill for...
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