Steward to acquire Lowell, Mass., hospital
Saints Medical Center of Lowell, Mass., and Steward Health Care System have signed a letter of intent for Saints to become part of Steward, a regional accountable care organization (ACO) and community hospital network based in Boston.
The parties will continue due diligence toward the signing of an asset purchase agreement, according to a press release from Saints Medical Center.
Saints Board of Trustees selected Steward after analysis of several partnership opportunities, the release stated.
Saints Medical Center, a 157-bed, full-service acute-care community hospital, serves 315,000 residents in 25 towns in Greater Lowell and the Merrimack Valley, and employs nearly 400 physicians. Saints offers community-based care at several ambulatory sites and has clinical affiliations with several Boston academic medical centers.
The parties will continue due diligence toward the signing of an asset purchase agreement, according to a press release from Saints Medical Center.
Saints Board of Trustees selected Steward after analysis of several partnership opportunities, the release stated.
Saints Medical Center, a 157-bed, full-service acute-care community hospital, serves 315,000 residents in 25 towns in Greater Lowell and the Merrimack Valley, and employs nearly 400 physicians. Saints offers community-based care at several ambulatory sites and has clinical affiliations with several Boston academic medical centers.