Concord Hospital Inc. got bankruptcy court approval for its $30 million acquisition of two New Hampshire hospitals from their bankrupt parent, LRGHealthcare.
The Concord, N.H.-based hospital placed its bid as a starting-price setter for a Dec. 16 bankruptcy auction for LRGHeathcare’s Lakes Region General Hospital and Franklin Regional Hospital.
LRGHealthcare canceled the auction and declared Concord the winner after no other potential buyers emerged.
Judge Michael A. Fagone of the U.S. Bankruptcy Court for the District of New Hampshire approved the sale in an order filed Thursday. The sale includes substantially all of LRGHealthcare’s assets.
LRGHealth filed for bankruptcy in ...
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