A deal between Berkshire Health Systems, Northern Berkshire Healthcare and bondholders has not yet been reached, but the parties will meet again next week, according to the report.
Northern Berkshire Healthcare shocked its community in March when it abruptly closed North Adams Regional Hospital and the rest of its operations, resulting in the layoffs of more than 500 employees. Last week, the system also filed for Chapter 7 bankruptcy. Berkshire Medical Center has since hired some of those displaced employees.
In early 2013, Northern Berkshire Healthcare was in discussions with Berkshire Health Systems about a potential takeover. However, a deal was never finalized.
More Articles on Hospital Transactions:
California Company to Purchase Bankrupt Fairmont General Hospital
Troubled Transactions: Why There’s Still Hope for Financially Struggling Hospitals
Report: Poor Oversight in New Jersey Leading to “Destabilized” Hospitals
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
