Quincy (Mass.) Medical Center is seeking a partner to provide capital to the hospital and will consider a merger or acquisition opportunity, according to a Patriot Ledger report.
The hospital has hired Navigant to help identify the best partner and is confident a potential suitor will come forward in the next few months.
The 282-bed hospital experienced a $6 million drop in revenue last year compared to 2009, according to the report.
Read the Patriot Ledger report on Quincy Medical Center.
Related Articles on Quincy Medical Center:
Quincy Medical Center Nurses' Contract Negotiations Halt Until Federal Mediator Arrives
Quincy Medical Center Achieves Turnaround Under Interim CEO
The hospital has hired Navigant to help identify the best partner and is confident a potential suitor will come forward in the next few months.
The 282-bed hospital experienced a $6 million drop in revenue last year compared to 2009, according to the report.
Read the Patriot Ledger report on Quincy Medical Center.
Related Articles on Quincy Medical Center:
Quincy Medical Center Nurses' Contract Negotiations Halt Until Federal Mediator Arrives
Quincy Medical Center Achieves Turnaround Under Interim CEO