Support journalism that matters to you

Since COVID-19 impacts us all and we want everyone in our community to have the important information they need, we have decided to make all coronavirus related stories free to read on theday.com/coronavirus. While we are providing free access to articles, they are not free to produce. The newsroom is working long hours to provide you the news and information you need during this health emergency. Please consider supporting our work by subscribing or donating.

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."

 

 

READER COMMENTS

Loading comments...
Hide Comments

TRENDING

PODCASTS