Banking & Finance

Alta Oxbow, located at 490-494 Boston Post Road, was sold in a deal finalized on Friday. A listing named several attributes that made it appealing for purchase, including the potential for rent increases at the site.

A Steward Health Care lawyer tells a judge the bankrupt company is close on deals to sell five of its Massachusetts hospitals and hopes to present formal proposals soon, then no details of the deals come to light and the company again delays the hearing at which it is expected to seek court approval of the transfers.

None of the deals to transfer six Massachusetts hospitals from bankrupt Steward Health Care to other operators have been consummated and they remain under mediation, a Steward lawyer confirmed Thursday during a hearing in U.S. Bankruptcy Court.

Gov. Maura Healey's plan to rescue five bankrupt Steward Health Care hospitals could cost Massachusetts taxpayers $700 million by 2027, the Boston Globe reported Saturday, citing "people with direct knowledge of the bailout plan."

Three Worcester nonprofits have been named among the first recipient cohort of Massachusetts’ new grantmaking program Mosaic Opioid Recovery Partnership, an initiative providing funding to grassroots organizations working to reduce harm caused by the ongoing opioid epidemic within communities disproportionately affected and historically underserved. 

Slamming an "impotent charade of oversight," the state's largest nurses union renewed its call for the Healey administration to prevent the closure of Carney Hospital and Nashoba Valley Medical Center after regulators said both facilities provide "essential service."

The 92,000-square-foot building named Exchange Place is planned for the site of the closed Rowe Funeral Home.

Researchers at Worcester Polytechnic Institute have received a $2-million grant from the U.S. National Science Foundation to develop tools for research and law enforcement in an effort to combat the multi-billion-dollar illegal wildlife trade.

Carney Hospital and Nashoba Valley Medical Center each provide an "essential service necessary for preserving access and health status" in their areas, public health regulators concluded this week.

Grafton-based Homefield Credit Union has named returning employee Sarah Miller as the financial institution’s new senior vice president and chief lending officer.