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Steward Waiting to File for State Approval of Landmark Medical Center But Still Committed to Acquisition

Boston-based for-profit Steward Healthcare has yet to file for state approval of its planned acquisition of Landmark Medical Center in Woonsocket, R.I., but a spokesman for the hospital operator says it is still committed to the merger, according to a Providence Journal report.

A Superior Court judge approved the deal three months ago. Meanwhile, Landmark continues to struggle financially and has been under court supervision since 2008, when it became insolvent, according to the report.

Steward recently loaned the hospital $1 million in advance of the merger to keep it operational, which the system says shows its commitment to the deal.

Related Articles on Landmark Medical Center:

Landmark Medical Center in Rhode Island Announces Layoffs
Steward Health to Pay More Than $71M For Rhode Island's Landmark Medical Center

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