RI judge clears sale of hospital to Steward

The Boston Globe, June 1, 2011

A judge in Rhode Island ruled Tuesday that Steward Health Care Systems LLC of Boston can move forward with negotiating a takeover of financially troubled Landmark Medical Center in Woonsocket, which has been in court-appointed receivership for the past three years. Landmark had begun talking about a sale to Steward's predecessor, Caritas Christi Health Care, in 2009, but the talks broke off in December without an agreement. The parties recently resumed negotiations and were working yesterday to finalize the terms of a buyout agreement that could be unveiled today. If a deal is reached, it would need Rhode Island regulators' approval and represent Steward's first out-of-state acquisition.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2015 a division of BLR All rights reserved.