Steward Health Care has signed “definitive agreements” to sell four of the six Massachusetts hospitals it has been working to offload since filing for bankruptcy in May.
The company announced Thursday that it has finalized asset purchase agreements for Lifespan to buy Morton Hospital in Taunton and Saint Anne’s Hospital in Fall River, and for Lawrence General Hospital to buy the Holy Family Hospital facilities in Methuen and Haverhill.
Steward is still working to finalize agreement related to the sale of Good Samaritan Medical Center in Brockton and the operations of St. Elizabeth’s Medical Center in Brighton to Boston Medical Center.
Terms of the deals, which still require U.S. Bankruptcy Court clearance and various regulatory approvals, were not immediately available. A sale hearing in Bankruptcy Court is scheduled for Wednesday, Sept. 4.
“We are thrilled to have identified such qualified acquirers for hospitals in the Commonwealth that are critical to the health of underserved populations,” John Castellano, Steward’s chief restructuring officer, said. “In Lifespan, Lawrence General Hospital and Boston Medical Center, we have found partners with established track records of treating communities in the northeast United States. Through these transactions, the people of the Commonwealth will continue to receive critically needed care while Steward continues to focus on its ongoing Chapter 11 process.”
The finalization of some of the deals comes nearly two weeks after Gov. Maura Healey announced that there were agreements in principle among the array of parties involved. Steward had not confirmed or commented on the governor’s announcement until Thursday.
Peter Markell, chief financial officer for Lifespan, said the health system has a deal to buy both the operations and the land and buildings of Morton Hospital in Taunton and Saint Anne’s Hospital in Fall River. He said it is one purchase price for everything, but he said he was…