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 Eastern CT Walk to End Alzheimer's scheduled for Saturday, Sept. 25, at Ocean Beach Park.
New London and Groton community climate solutions workshops will be held next week.
The Denison Homestead will hold its annual King Philip’s War Encampment on Sept. 25 and 26 from 10 a.m. to 3 p.m.
Two local women whose native countries, Mexico and Costa Rica, celebrated independence day this week tell us about their culture as Hispanic Heritage month kicks off.