$4M bid made for North Adams hospital
Apr. 30, 2014
SPRINGFIELD, Mass. (AP) — Pittsfield's Berkshire Medical Center has agreed to pay $4 million for the former North Adams Regional Hospital and affiliated facilities, as well as a doctors' building.
According to documents filed this week as part of bankruptcy proceedings, the purchase-and-sale agreement is contingent on whether other bidders step in with offers.
In a filing for Northern Berkshire Healthcare's Chapter 7 bankruptcy, Berkshire Health Systems and the holders of more than $30 million in bond debt have agreed on a sale price of $3.4 million for the hospital, parking garage and administrative building, and $600,000 for the Northern Berkshire Family Medicine building. The agreement includes assets including medical equipment and office furniture.
In related news, a judge Wednesday endorsed a plan to restore emergency services at the North Adams hospital by mid-May.