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
Thanks to a group effort and goodwill, town resident Jean Porter now has a finished ramp to her home.
Union representing Foxwoods' table-games dealers pushing for testing of asymptomatic employees.
A Christmas tree in Montville that's annually decorated by a father and daughter has become a lightning rod due to its handcuff ornaments.
Fundraising software company told Otis customers the attack did not include sensitive credit card or bank account information.