Lawrence General Hospital Acquires Holy Family Hospital Assets from Steward Health Care

October 8, 2024

Lawrence General Hospital, together with a newly formed not-for-profit, acquired the assets and operations of Holy Family Hospital's Methuen and Haverhill campuses from Steward Health Care System. The Bankruptcy Court‑approved transaction closed on October 1, 2024 for $28 million and transferred more than 1,300 employees to the new ownership as part of creating a regional health care system in the Merrimack Valley.

Buyers
Lawrence General Hospital, Newly formed not-for-profit (unnamed)
Targets
Holy Family Hospital (Methuen campus), Holy Family Hospital (Haverhill campus)
Sellers
Steward Health Care System
Location
Massachusetts, United States
Transaction Type
Divestiture

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.