The auction is being held as part of the system’s bankruptcy process. LRGHealthcare filed for Chapter 11 bankruptcy protection Oct. 19.
Concord (N.H.) Hospital made an initial bid of $30 million for LRGHealthcare’s hospitals. Concord Hospital will have the opportunity to increase its bid if another company makes an offer of more than $30 million, according to the report.
The deadline for companies to submit bids is Dec. 14.
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2 Arizona hospitals join Dignity Health
Penn Highlands Healthcare grows to 6 hospitals
University Hospitals to add 19th hospital to its network
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