Boston’s Steward Health Beats Southcoast Health in Acquisition of Morton Hospital

Taunton, Mass.-based Morton Hospital and Medical Center has decided to sell to Boston’s Steward Health Care System over New Bedford, Mass.-based Southcoast Health System, according to a Taunton Daily Gazette report.

Advertisement

The sale will net Taunton approximately $1 million in property taxes. The acquisition is also expected to improve technology, equipment, quality and range of care at MHMC, which will now be for-profit.

Read the Taunton Daily Gazette report on Morton Hospital and Medical Center.

Read more coverage on Steward Health Care System:

– Miami’s Jackson Health System Fails to Respond to Letters of Interest From Boston’s Steward Health

– David Morales to Begin Position at Boston’s Steward Health Care System

– Caritas Christi Parent Announces Plans to Go National

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

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.