RIPR News
12:17 pm
Fri May 27, 2011

Caritas emerges as Landmark bidder

Providence, RI – Landmark Medical center is on the verge of naming a buyer. And it's not one of the three recent bidders. The hospital chain once known as Caritas Christi has made an offer on Landmark.

After a long negotiating process that eventually ended in November, Caritas- now known as Steward Health Care System- is once again interested in buying Landmark Medical Center.

Steward has signed a purchase agreement, negotiated with the union, and made a million dollar deposit on the hospital.

The United Nurses and Allied Professionals union started working with the Massachusetts hospital chain after deals with other potential owners began to deteriorate.

Superior Judge Michael Silverstein has disqualified all other bidders and will make a decision on the sale to Steward next Tuesday.

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