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Massachusetts' Saints Medical Center Dumps Steward Health for Another Partner

Six months after signing a letter of intent, Saints Medical Center in Lowell, Mass., has pulled out of a deal to be acquired by Steward Health Care System and is instead planning to merge with cross-town rival Lowell General Hospital, according to a Boston Globe report.

Saints and Steward have released a statement that they "mutually decided to end discussions," according to the report. Shortly after that statement's release, Saints and Lowell said they had agreed to a memorandum of understanding to affiliate.

Some physicians affiliated with the non-profit Saints had objected to the alliance with Boston-based, for-profit Steward. The systems had signed a letter of intent in April and an asset purchase agreement in July.

Related Articles on Called-Off Hospital Mergers:

Merger Between Indiana University, Howard Regional Health Called Off
Chicago's Holy Cross Hospital, Vanguard Health Systems Planned Merger Called Off
Investment Firm Calls Off Purchase of Ohio's Brown County General


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