The Rhode Island-based health system Lifespan said it has signed a purchase agreement to acquire St. Anne's Hospital in Fall River and Morton Hospital in Taunton for $175 million. Lawrence General has also finalized an agreement to purchase Holy Family Hospital with locations in Methuen and Haverhill.
The Rhode Island-based health system Lifespan said Thursday it has signed a purchase agreement to acquire two of Steward Health Care's hospitals in Massachusetts. The price tag: $175 million.
Lifespan officials said the majority of the purchase price for Morton and St. Anne's would go toward the hospitals' land and buildings, which have been a point of contention during the negotiations. The real estate is owned by outside investors who are sparring with Steward over who will get the bulk of the proceeds from hospital sales.
“We do care about these communities,” he said in an interview. “We do see them as key to the area we want to serve.”
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