Morton hospital files notice of its sale to Steward
Morton Hospital and Medical Center of Taunton today filed formal notice with the Massachusetts attorney general's office of its plan to be bought by Boston's Steward Health Care System LLC. The deal, which would convert a nonprofit hospital to for-profit status, must be approved by the Supreme Judicial Court of Massachusetts.
Attorney General Martha Coakley's office will review the planned transaction before making a recommendation to the state's high court. The state Department of Public Health must also approve the transfer of Morton's license to Steward, a holding company created last year to run the six Caritas Christi Health Care hospitals acquired by New York private equity firm Cerberus Capital Management.
The attorney general's office and the public health department have scheduled a join public hearing on the Morton acquisition. It is scheduled for 6 p.m., June 30, at the Benjamin A. Friedman Middle School at 500 Norton Ave. in Taunton.