L+M agreed to acquire the 125-bed Westerly Hospital for $69 million, including the assumption of $22 million in debt. Conditions of the agreement require L+M to submit plans to improve primary care in the Westerly area and publish an annual report on pediatric patients referred out from Westerly’s emergency department.
The deal is expected to officially close in six weeks, according to the report.
More Articles on Hospital Acquisitions:
Franciscan Health System Acquires Highline Medical Center
Rush Oak Park Hospital to Drop Catholic Identity in Acquisition
Partners HealthCare Closer to Acquiring South Shore Hospital
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