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Lawrence & Memorial Hospitals Renews Interest in Acquiring Westerly Hospital

Lawrence & Memorial Hospital in New London, Conn., has submitted a "preliminary nonbinding proposal" to acquire some, or all, of Westerly (R.I.) Hospital's assets, according to a report by The Day.

In August 2011, Westerly Hospital and Lawrence & Memorial considered a strategic alliance. However, negotiations ended abruptly when Westerly voluntarily entered receivership and came under the control of a court-appointed special master. The process for Westerly Hospital's sale began February 2012.

According to the report, Westerly finished the 2011 fiscal year with a $5.7 million operating deficit.

More Articles on Westerly Hospital:

Rhode Island's Westerly Hospital Expected to Hit the Market in February
Westerly Hospital in Rhode Island Files for Receivership
Rhode Island's Westerly Hospital Explores Affiliation With Lawrence & Memorial

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