Around the Region
Hospital tells state of planned sale
May 27, 2011
Morton Hospital and Medical Center in Taunton yesterday filed formal notice with the Massachusetts attorney general’s office of its plan to be bought by Boston’s Steward Health Care System LLC. The deal, which would convert a nonprofit hospital to for-profit status, needs approval from the Supreme Judicial Court.
Attorney General Martha Coakley’s office will review the planned transaction before making a recommendation to the state’s highest court.
The state Department of Public Health must also approve the transfer of Morton’s license to Steward, a holding company created last year to run the six Caritas Christi Health Care hospitals acquired by the New York private equity firm Cerberus Capital Management.
The attorney general’s office and the public health department have scheduled a joint public hearing on the Morton acquisition. It will be at 6 p.m. on June 30 at Benjamin A. Friedman Middle School, 500 Norton Ave., Taunton.
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