At a hearing in U.S. Bankruptcy Court in Houston, Judge Christopher Lopez approved the sale of St. Elizabeth’s Medical Center in Brighton, Good Samaritan Medical Center in Brockton, Holy Family Hospital in Methuen and Haverhill, Morton Hospital in Taunton and St. Anne’s Hospital in Fall River for a total of $343 million.
, Good Samaritan Medical Center in Brockton, Holy Family Hospital in Methuen and Haverhill, Morton Hospital in Taunton and St. Anne’s Hospital in Fall River for a total of $343 million.
State and federal officials voiced their approval for the deals. But there was a strong objection from a group of Steward’s lenders, who argued they’re owed a share of the sale proceeds. Candace Arthur, a lawyer for Steward, noted the for-profit health system would lose $17 million on the Massachusetts hospital sales. Still, she said, the deals are critical, because the alternative to selling the hospitals would be closing them, or continuing to operate them “to the detriment” of the company and its hospitals in other states.
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