New Hampshire health system to auction off hospitals

Laconia, N.H.-based LRGHealthcare will auction off its assets, including its two hospitals, on Dec. 16, according to The Laconia Daily Sun

The auction is being held as part of the system’s bankruptcy process. LRGHealthcare filed for Chapter 11 bankruptcy protection Oct. 19. 

Concord (N.H.) Hospital made an initial bid of $30 million for LRGHealthcare’s hospitals. Concord Hospital will have the opportunity to increase its bid if another company makes an offer of more than $30 million, according to the report. 

The deadline for companies to submit bids is Dec. 14. 

More articles on healthcare industry transactions:
2 Arizona hospitals join Dignity Health
Penn Highlands Healthcare grows to 6 hospitals
University Hospitals to add 19th hospital to its network

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