For some time LRGHealthcare has been exploring strategic options to protect the organization’s long-term ability to serve our communities amid financial challenges. It has not always been an easy path, but the Board and leadership team have led this work with the ultimate goal of preserving access to care for our friends and neighbors throughout our region.
To do that, it has become clear that we must first move through the procedural step of bankruptcy. As part of that process, Concord has submitted an offer to purchase our assets. The United States Bankruptcy Court will oversee an auction and sale process, and any transaction will require approval from regulatory agencies, including the New Hampshire Attorney General and the Department of Health and Human Services.