There are still no signs of firm agreements related to the sale of Steward Health Care hospitals in Massachusetts, but the bankrupt company announced late Monday night that it has "entered into a definitive agreement" to sell its physicians network to a subsidiary of a New York-based private equity firm for $245 million in cash.
Steward Health Care CEO Ralph de la Torre was on vacation two weeks ago when his company revealed that it planned to close two hospitals in Massachusetts, but he didn't have a hand in the decision or any say in the timing of the announcement, a spokesperson for the embattled executive said Thursday.
With frustrations mounting over the closure of Carney Hospital at the end of August, the Boston City Council adopted a resolution Wednesday calling for a public health emergency and applying new pressure on the state to protect patient care.
"Things are moving quickly I think right now in the bankruptcy court," Healey told reporters at the State House. "I'm cautiously optimistic but it's right now in the hands of the lenders."
State public health officials have scheduled public hearings on Steward Health Care's plans to close Nashoba Valley Medical Center in Ayer later this month.
Sutton-based Concierge Physical Therapy will open a new, larger facility down the road from its previous location, after securing a U.S. Small Business Administration loan from the Worcester Business Development Corporation and Auburn-based bank Webster Five.
A U.S. Bankruptcy Court judge on Tuesday approved the agreement that Massachusetts state government made to provide $30 million in advance Medicaid payments to keep a handful of Steward Health Care hospitals here open through August as the company tries to sell them.
Quinsigamond Community College was honored with the President’s Award for Excellence in Credentialing Success for the second year in a row for the Worcester school’s respiratory care program.