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
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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