Boston-based Steward Health Care Systems has made an offer to buy the troubled Landmark Medical Center in Woonsocket, R.I., according to a Providence Journal report.
After two days of urgent negotiations, the system came forward last Thursday with a signed asset-purchase agreement and $1 million deposit. Steward has also reached a tentative agreement with United Nurses and Allied Professionals, the union representing nearly half of the hospital's 1,300 workers.
The deal still requires approval by a Superior Court judge.
Read the Providence Journal report on Steward Health Care and Landmark Medical Center.
Related Articles on Steward Health Care:
Steward Health Sets Aside Plans to Buy Jackson Health System in Miami
Boston's Steward Health Website Compares its Quality Outcomes to Competitors
Boston's Steward Health Approved to Acquire Merrimack and Nashoba Valley Hospitals
After two days of urgent negotiations, the system came forward last Thursday with a signed asset-purchase agreement and $1 million deposit. Steward has also reached a tentative agreement with United Nurses and Allied Professionals, the union representing nearly half of the hospital's 1,300 workers.
The deal still requires approval by a Superior Court judge.
Read the Providence Journal report on Steward Health Care and Landmark Medical Center.
Related Articles on Steward Health Care:
Steward Health Sets Aside Plans to Buy Jackson Health System in Miami
Boston's Steward Health Website Compares its Quality Outcomes to Competitors
Boston's Steward Health Approved to Acquire Merrimack and Nashoba Valley Hospitals