WOONSOCKET – The bid deadline for parties interested in buying Landmark Medical Center was supposed to be tomorrow, but a Superior Court judge has agreed to give the hospital a few more days to sort through competing offers.
The new cutoff is Wednesday, said Bill Fischer, a spokesman for the hospital. But the original date of April 1 for the special master in charge of the hospital to submit to the court all bids, with a recommended winner, remains in force, he said.
Also, Superior Court Judge Michael Silverstein will hold a hearing on April 6, as originally planned, to consider the recommendations of special master Jonathan Savage, the Pawtucket lawyer who has been running the financially stressed hospital under a court-supervised form of receivership since June 2008.
“As we continue to negotiate with a number of interested parties, the court's extension of the deadline to accept bids creates some welcomed breathing room and will improve our ability to attain the best bid possible,” Fischer said in a statement. “That said, it is important to note that the original timeline for the overall bidding process has not been extended.”
SEE FRIDAY'S EDITION FOR THE COMPLETE STORY