Becker's Healthcare August 29, 2024
Providence, R.I.-based Lifespan and Lawrence (Mass.) General Hospital have entered into definitive agreements with Dallas-based Steward Health Care to acquire four of Steward’s Massachusetts hospitals after Massachusetts Gov. Maura Healey shared that deals had been reached “in principle.”
“As Steward continues to progress through the ongoing Chapter 11 proceedings, we are thrilled to have identified such qualified acquirers for hospitals in the Commonwealth that are critical to the health of underserved populations,” John Castellano, chief restructuring officer for Steward, said in an Aug. 29 news release shared with Becker’s.
Lifespan will purchase Taunton, Mass.-based Morton Hospital and Fall River, Mass.-based St. Anne’s Hospital for $175 million, which includes the land and buildings associated with both hospitals.
The health...
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