Quincy Medical Center wins court OK of $38.12 million asset sale

By Caroline Salls

Pittsburgh, Sept. 26 - Quincy Medical Center, Inc. received court approval of the $38.12 million sale of largely all of its assets to Steward Medical Holdings Subsidiary Five, Inc. and Steward Medical Holdings LLC, according to a Monday filing with the U.S. Bankruptcy Court for the District of Massachusetts.

Quincy said Boston Medical Center Corp. also participated in the Aug. 15 auction.

The asset sale was also subject to approval by the Massachusetts Department of Public Health and the Office of the Attorney General of Massachusetts.

Quincy Medical Center filed for bankruptcy on July 1. Its Chapter 11 case number is 11-16394.

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