Quincy Medical Center has $56 million worth of bond debt, and if the restructuring is allowed, Steward would buy Quincy Medical Center and make $34 million in investments, the report said.
Last week, Quincy Medical Center’s board of trustees voted to sell the hospital to Steward.
Read the Taunton Daily Gazette report on Quincy Medical Center.
Related Articles on Quincy Medical Center:
12 Recent Hospital Transactions
Sale of Massachusetts’ Quincy Medical Center to Steward Needs State Approval
Steward to Acquire Massachusetts’ Quincy Medical Center
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
