A proposed deal for Saints Medical Center in Lowell to be acquired by the for-profit hospital chain Steward Health Care LLC has fallen through.
Instead, Saints is looking at a deal to merge with Lowell General Hospital.
The hospitals issued a joint statement Thursday saying they had entered into a memorandum of understanding exploring affiliation.
Lowell General Chief Executive Normand Deschene tells The Sun ( http://bit.ly/qsM3XZ) he’s confident a deal will be done by the end of the year.
Officials at both Lowell hospitals say an affiliation would improve services and cut costs.
