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Rhode Island's Westerly Hospital Expected to Hit the Market in February

The official overseeing receivership of The Westerly (R.I.) Hospital has said the hospital's sale process could begin as early as next month, according to a Westerly Sun report.

Special Master Mark Russo said the hospital is expected to remain in receivership for 12-18 months after entering receivership last month. Still, Mr. Russo hopes to begin a marketing process in February and expects a potential buyer or partner to emerge roughly three months after that.

Mr. Russo said the best-case scenario is if an existing healthcare network from the region acquired the hospital. Next to that, another likely scenario is that a for-profit company buys the facility. The third option — Westerly emerging as a standalone facility — is possible but would need further review.

Related Articles on The Westerly Hospital:

Judge Approves Receivership for Westerly Hospital in Rhode Island
In Affiliation Talks, Rhode Island's Westerly Hospital Emphasizes Physician Input
Rhode Island's Westerly Hospital Explores Affiliation With Lawrence & Memorial


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