In August 2011, Westerly Hospital and Lawrence & Memorial considered a strategic alliance. However, negotiations ended abruptly when Westerly voluntarily entered receivership and came under the control of a court-appointed special master. The process for Westerly Hospital’s sale began February 2012.
According to the report, Westerly finished the 2011 fiscal year with a $5.7 million operating deficit.
More Articles on Westerly Hospital:
Rhode Island’s Westerly Hospital Expected to Hit the Market in February
Westerly Hospital in Rhode Island Files for Receivership
Rhode Island’s Westerly Hospital Explores Affiliation With Lawrence & Memorial
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.
