A multi-office Locke Lord team led by David Szabo (Boston) with assistance from Joe Farside, Krystle Tadesse, Mike Serra, Lori Basilico, Samantha Vasques (all of Providence) and Ryan DiSantis (Boston) represented Exeter Health Resources in its transaction to join the Beth Israel Lahey Health System (BILH). The transaction closed on June 30, 2023. The terms of the deal include that as part of BILH's commitment to invest $375 million into Exeter Health Resources, it will fund and operate a minimum of 10 designated receiving facility beds (a hospital-based psychiatric unit or a non-hospital-based residential treatment program) and maintain labor and delivery services on the Exeter campus for at least 10 years. For more information, see the press release.
Posted on July 31, 2023