Haverhill
Deed Shows Lawrence General Hospital Paid $10 Million for Haverhill Campus Real Estate
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Details of Lawrence General Hospital’s purchase of the Holy Family Hospital Haverhill campus shows the real estate purchase price was an even $10 million for the 7.4-acre property completed in 1984. As WHAV reported in August, Lawrence General Hospital paid $28 million for the combined Haverhill and Methuen campuses, but the U.S. Bankruptcy Court then listed only the combined value. The deed, recorded late last week in the Southern Essex District Registry of Deeds, shows LG Newcorp, 1 General St., Lawrence, purchased the property from MPT (Medical Properties Trust) of Haverhill-Steward. Steward sold the property to Birmingham, Alabama-based Medical Properties Trust for $124 million as part of a sell and leaseback deal. Officials have charged the then-inflated sales price and resulting steep rents contributed to the undoing of the hospital group.







