Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

UMass Memorial's acquisition of Harrington HealthCare advances

UMass Memorial Health Care's acquisition of Harrington HealthCare has moved forward after being pushed back due to the COVID-19 pandemic, according to MassLive

The boards of both organizations reached a definitive agreement on the deal Sept. 23. Under the agreement, UMass Memorial, a three-hospital system in Worcester, Mass, will acquire Harrington HealthCare, a Southbridge, Mass.-based system comprising a 119-bed hospital, satellite location and three medical office buildings.

The two organizations first announced the deal in January and expected the deal to be finalized about six to nine months after the due diligence period. However, in May, Harrington HealthCare CEO Ed Moore said the due diligence period would take about three or four months longer than initially planned. 

The deal still needs approval from the state.

Read the full report here

More articles on healthcare industry transactions: 
Illinois system to join Northwestern Medicine
FTC urges Texas regulators to block CHS' divestiture of 2 hospitals
Hospital M&A update: 11 recent deals

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers