LACONIA â Concord Hospital is the sole health care institution interested in acquiring Lakes Region General Hospital, Franklin Regional Hospital and the hospitalsâ ambulatory sites through Chapter 11 bankruptcy proceedings, LRGHealthcare President and CEO Kevin Donovan said Tuesday.
âWhile LRGHealthcare received significant interest from other parties, no other party submitted a bid by the deadline,â Donovan said. âWe have always felt that Concord Hospital is a natural fit to ensure the continued provision of excellent care in the Lakes and Three Rivers Region, and we are excited about this step forward.â
LRGHealthcare has filed a motion in federal bankruptcy court to cancel a bankruptcy auction set for Wednesday. Multiple bidders present offers at such an auction, but it will not be needed as Concord Hospital has emerged as the only bidder.
Concord Hospital sole party interested in acquiring LRGH through bankruptcy
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