Court told that L&M offer meets criteria for sale of Westerly Hospital
Wakefield, R.I.-- The final stage of the process that will enable Lawrence & Memorial Hospital to purchase The Westerly Hospital for $69 million in cash and other financial commitments continued today with Attorney Mark Russo outlining how L&M's offer meets all of the criteria set in earlier proceedings of the receivership case. (Editor's note: This corrects an earlier version.)
Russo said that after soliciting L&M's stalking horse bid this spring he contacted two for-profit hospital companies and at least one Rhode Island hospital network about making a better offer.
"At the end of the day," he told Judge Brian Stern, "they said give us a call if anything changes, but you've got a good offer."
Stories that may interest you
The Board of Finance allocated $6,250 to the Lyme Academy of Fine Arts this week after the school requested $15,000 to help fund a “strategic plan” to reinvent itself as it moves forward without an affiliate this upcoming year.
State Sen. Paul Formica’s 2016 campaign committee treasurer failed to disclose that Formica’s daughter was the ultimate recipient of consulting fees the committee paid a Norwich advertising agency.
The Connecticut Working Families Party on Thursday announced endorsements for 90 candidates statewide, including incumbent Democratic Mayor Michael Passero and a mix of New London school board and city council candidates.