Steward Health Care announced Thursday that it has entered into definitive agreements to sell four Massachusetts-based hospitals. Under the acquisition agreements, Lifespan will buy Morton Hospital and Saint Anne’s Hospital, and Lawrence General Hospital will buy Holy Family Hospital-Methuen and Holy Family Hospital-Haverhill. The parties are finalizing an agreement to sell Steward’s Good Samaritan Medical Center and the operations of St. Mary’s Medical Center. Elizabeth’s at Boston Medical Center. “As Steward continues to move forward with the ongoing Chapter 11 proceedings, we are pleased to have selected such qualified individuals for the Commonwealth’s hospitals that are so important to the health of the people of unsafe,” said John Castellano, Steward’s Chief Operating Officer. “This agreement fulfills our goal of preserving and protecting access to care and jobs in Southeastern Massachusetts and the Merrimack Valley while removing Steward Health Care from Massachusetts once and for all,” Gov. Maura Healey said. The for-profit, privately funded hospital’s problems have exploded into the spotlight this year with revelations that it owes nearly $50 million in unpaid rent. The Dallas-based group announced in July that it plans to sell the hospital and close Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer. The Healey-Driscoll administration said it will take control of Saint Elizabeth’s by domain name to facilitate the transition to new ownership and keep the hospital open. “We continue to work as quickly as possible to complete the deal.” for another qualified employee to replace the Good Samaritan, we continue our plans to take over St. Elizabeth’s with the popular location, and support the community affected by the upcoming closure of Nashoba Valley Hospitals and Carney,” Healey said. The future of Norwood Hospital, which was under construction, remains unclear.
Steward Health Care announced Thursday that it has entered into definitive agreements to sell four Massachusetts-based hospitals.
Under the acquisition agreements, Lifespan will buy Morton Hospital and Saint Anne’s Hospital, and Lawrence General Hospital will buy Holy Family Hospital-Methuen and Holy Family Hospital-Haverhill.
The parties are finalizing an agreement to sell Steward’s Good Samaritan Medical Center and the operations of St. Mary’s Medical Center. Elizabeth’s at Boston Medical Center.
“As Steward continues to move forward with the ongoing Chapter 11 proceedings, we are pleased to have selected such qualified individuals for the Commonwealth’s hospitals that are so important to the health of the people of unsafe,” said John Castellano, Steward’s Chief Operating Officer.
“This agreement fulfills our goal of preserving and protecting access to care and jobs in Southeastern Massachusetts and the Merrimack Valley while removing Steward Health Care from Massachusetts once and for all,” Gov. Maura Healey said.
The for-profit, privately funded hospital’s problems have exploded into the spotlight this year with revelations that it owes nearly $50 million in unpaid rent.
The Dallas-based group announced in July that it plans to sell the hospital and close Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer.
The Healey-Driscoll administration said it would take over management of Saint Elizabeth’s with the landmark facility to facilitate the transition to new ownership and keep the hospital open.
“We are continuing to work as quickly as possible to finalize an agreement for a qualified candidate to take over the position of Good Samaritan, moving forward with our plans to manage St. Elizabeth’s through landmark, and to support the community affected by the closure of Nashoba Valley and Carney Hospitals,” said Healey.
The future of Norwood Hospital, which was under construction, is uncertain.
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