Lawrence & Memorial Reveals Strategic Benefits of Potential Westerly Hospital Acquisition

The interest of Lawrence & Memorial Hospital in New London, Conn., in acquiring The Westerly (R.I.) Hospital is part of a strategy to strengthen L&M's position in the market, according to a Westerly Sun report.

In April, L&M made a non-binding offer to acquire The Westerly Hospital. The offer comes about eight months after the two hospitals began merger discussions, which halted when Westerly filed for receivership protection in December.

L&M sent a PowerPoint document and memorandum discussing the strategic benefits of acquiring Westerly to L&M medical staff, according to the report. Acquiring the hospital would increase L&M's patient and physician pool, according to the documents. The PowerPoint also said the acquisition "is the fastest way to add $90 million of top line growth to the L&M system," according to the report.

A previous version of this article incorrectly stated Steward Health Care System is a competitor in the acquisition of The Westerly Hospital. We apologize for the error.

More Articles on L&M and The Westerly Hospital:

Lawrence & Memorial Hospitals Renews Interest in Acquiring Westerly Hospital
Westerly Hospital in Rhode Island Files for Receivership

Rhode Island's Westerly Hospital Explores Affiliation With Lawrence & Memorial



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