Westerly Hospital is another step closer to being acquired by New London-based L&M Hospital.
Rhode Island’s department of health and the attorney general’s office say they’ve received a complete application from L&M. The state agencies now have 90 days to review it. If they accept L&M’s offer, Westerly could be the first hospital acquired under the state’s new Hospital Conversions Act.
Westerly has been in receivership since late 2011. The financially struggling community hospital has been looking for ways to keep its doors open despite declining patient numbers.
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