An executive at Steward Health Care System told presidents of Steward’s hospitals Monday that the Boston-based chain “unilaterally withdrew” from talks to acquire Mercy Health System in Maine after concluding Mercy had misrepresented its finances.
The account given in a confidential memo from Steward director of media relations Chris Murphy, obtained by the Globe, differed from a statement Steward and Mercy released jointly late Friday afternoon saying the letter of intent to merge had been terminated because the parties “were unable to come to a definitive agreement” during negotiations.
Comments
So someone isn't telling the truth? Wow I' shocked!! PErhaps it's a combination of two "also-rans", one a backwater Maine failing system and one based right here in Massachusetts. Bob where's the expose on how bad Steward is really doing, losing patient volume and cash everyday?
I suspect that Stewart is trying to salvage its own reputation in the wake of the failed merger talks. It's disingenuous for Steward to issue a benign joint statement one day and the next make a scathing assessment of the other party.
There has to be an underlying reason for Stewart's schizophrenia. Are they in trouble?