{"id":59922,"date":"2024-08-29T19:04:29","date_gmt":"2024-08-29T17:04:29","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/steward-health-care-announces-sale-of-massachusetts-hospitals\/"},"modified":"2024-08-29T19:04:29","modified_gmt":"2024-08-29T17:04:29","slug":"steward-health-care-announces-sale-of-massachusetts-hospitals","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/steward-health-care-announces-sale-of-massachusetts-hospitals\/","title":{"rendered":"Steward Health Care Announces Sale of Massachusetts Hospitals"},"content":{"rendered":"
\n

\nLifespan to purchase Morton Hospital and Saint Anne\u2019s Hospital<\/i><\/p>\n

\nLawrence General Hospital to purchase Holy Family Hospital – Methuen and
\n
<\/i>Holy Family Hospital – Haverhill<\/i><\/p>\n

\nBoston Medical Center in final discussions to purchase Steward\u2019s
\n
<\/i>Good Samaritan Medical Center and St. Elizabeth\u2019s Medical Center Operations<\/i><\/p>\n

DALLAS–(BUSINESS WIRE)–Steward Health Care (\u201cSteward\u201d), the country\u2019s largest physician-led, minority-owned, integrated health care system, today announced that it has entered into definitive agreements to sell certain Massachusetts-based hospitals. Under the terms of the asset purchase agreements, Lifespan will purchase Morton Hospital and Saint Anne\u2019s Hospital and Lawrence General Hospital will purchase Holy Family Hospital – Methuen and Holy Family Hospital – Haverhill. Additionally, the parties are finalizing an agreement to sell Steward\u2019s Good Samaritan Medical Center and St. Elizabeth\u2019s Medical Center operations to Boston Medical Center. The transactions, which are subject to customary closing conditions, including Bankruptcy Court and regulatory approvals, will result in strong patient and physician outcomes for the Commonwealth of Massachusetts.<\/p>\n

<\/a>
<\/a><\/p>\n

\n\u201cAs 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,\u201d said John Castellano, Steward\u2019s Chief Restructuring Officer. \u201cIn Lifespan, Lawrence General Hospital and Boston Medical Center, we have found partners with established track records of treating communities in the northeast United States. Through these transactions, the people of the Commonwealth will continue to receive critically needed care while Steward continues to focus on its ongoing Chapter 11 process.\u201d<\/p>\n

\nSteward is represented by Weil, Gotshal & Manges LLP (Restructuring Counsel), McDermott Will & Emery LLP (Regulatory Counsel), Cain Brothers, a division of KeyBanc Capital Markets Inc. (Healthcare Investment Banker), Leerink Partners LLC (Healthcare Investment Banker), and AlixPartners, LLP (Financial Advisor).<\/p>\n

\nAbout Steward Health Care<\/b><\/p>\n

\nOver a decade ago, Steward Health Care System emerged as a different kind of health care company designed to usher in a new era of wellness. One that provides our patients better, more proactive care at a sustainable cost, our providers unrivaled coordination of care, and our communities greater prosperity and stability.<\/p>\n

\nAs the country\u2019s largest physician-led, minority-owned, integrated health care system, our doctors can be certain that we share their interests and those of their patients. Together we are on a mission to revolutionize the way health care is delivered – creating healthier lives, thriving communities and a better world.<\/p>\n

\nBased in Dallas, Steward currently operates more than 30 hospitals across Arizona, Ohio, Pennsylvania, Arkansas, Florida, Louisiana, Texas, and Massachusetts.<\/p>\n

\nAdditional information is available at www.steward.org<\/a>.<\/p>\n

Contacts<\/b> <\/p>\n

\nMedia Contact:<\/b>
Deborah Chiaravalloti
\n
Deborah.Chiaravalloti@steward.org<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Lifespan to purchase Morton Hospital and Saint Anne\u2019s Hospital Lawrence General Hospital to purchase Holy Family Hospital – Methuen and Holy Family Hospital – Haverhill Boston Medical Center in final discussions to purchase Steward\u2019s Good Samaritan Medical Center and St. Elizabeth\u2019s Medical Center Operations DALLAS–(BUSINESS WIRE)–Steward Health Care (\u201cSteward\u201d), the country\u2019s largest physician-led, minority-owned, integrated … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-59922","6":"format-standard","7":"category-industry"},"yoast_head":"\nSteward Health Care Announces Sale of Massachusetts Hospitals - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/steward-health-care-announces-sale-of-massachusetts-hospitals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steward Health Care Announces Sale of Massachusetts Hospitals - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Lifespan to purchase Morton Hospital and Saint Anne\u2019s Hospital Lawrence General Hospital to purchase Holy Family Hospital – Methuen and Holy Family Hospital – Haverhill Boston Medical Center in final discussions to purchase Steward\u2019s Good Samaritan Medical Center and St. Elizabeth\u2019s Medical Center Operations DALLAS–(BUSINESS WIRE)–Steward Health Care (\u201cSteward\u201d), the country\u2019s largest physician-led, minority-owned, integrated ... 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