The $15 million purchase marks the end of negotiations between BMHMC and SuffolkCounty officials. BMHMC’s board of directors approved the transaction Sept. 13.
BMHMC officials plan to close the sale by the end of the year and to file the necessary documents with the state by the end of the first quarter of 2017. Officials hope to proceed with interior renovations of the facility by mid-2017, pending state approval, according to the article.
More articles on transactions and valuations:
TeamHealth acquires provider operations of EmMed, PC
University of Michigan Health, Metro Health sign definitive merger agreement
Carolina Pines Regional Medical Center partners with MUSC Health
