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 new Preston location will open around Mother's Day.
The company’s mission: Serve the relocation needs of the elderly across Connecticut.
Charges from more than 15 years ago, involving the developer of the Mystic Education Center, have surfaced. Groton Town Manager John Burt said they do not have an impact on the project.
The region saw a soggy Wednesday. Thursday is forecast to be partly sunny, though still cool, according to the Meteorological Studies and Weather Center at Western Connecticut State University.