SederLaw
WORCESTER 508-471-3018
Metro West 508-709-0024

Massachusettes hospital set for new building after acquisition

While it may seem like selling a business or the dissolution of corporation and other entity doesn't have a significant effect on the lives of the average citizens, two Massachusetts hospitals are proving differently.

Massachusetts General Hospital bought Cooley Dickinson Hospital in July of 2013, and it looks like local residents will start to see some of the perks of the acquisition once a cancer treatment center opens at Cooley Dickinson. The new treatment center will give patients access to opportunities like genetic screening, clinical trials and the latest cancer therapies.

Cooley Dickinson's chief medical officer said that Massachusetts General's reputation as a leading research center was one reason for the acquisition and that the hospital was looking forward to being able to bring an increased level of care to local cancer patients. The two hospitals have been working towards cancer care since 2009, and the cancer center is expected to be finished in 2015. Patients, however, will start having access to the expanded treatment options as early as this summer. The project is estimated to cost $5 million, and Cooley Dickinson has raised about half of that so far, according to a press release.

Even when there seems to be all positive outcomes as a result of a selling a business, there can be corporate financial issues or other particulars that need to be hashed out in legal agreements. Having a thorough understanding of the processes involved can ensure that businesses on both sides of the sale are prepared for as seamless of a transition as possible.

Source: gazettenet.com, "Mass General Cancer Center to open at Cooley Dickinson Hospital in Northampton" Rebecca Everett, Jan. 31, 2014

No Comments

Leave a comment
Comment Information
Email Our Team

Contact Us Today To Learn More

The skilled attorneys at SederLaw stand ready to handle even your most difficult legal issues. Turn to us for skilled representation to help you accomplish your legal goals.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

An Impressive Track Record
Of Achievement In The Law

SederLaw

Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions

Metro West Office
1900 West Park Drive
Suite 280
Westborough, MA 01581

Phone: 508-709-0024
Fax: 508-831-0955
Map & Directions