Massachusetts
Steward landlords turn over properties to their lender, advancing sales talks – The Boston Globe
Two landowners that have been seen as roadblocks in long-stalled talks to sell six Steward Health Care hospitals in Massachusetts appear to be walking away from their properties, boosting the chances that hospital sales can be completed by the end of the week.
After multi-party negotiations dragged on through last weekend, attorneys said during a US Bankruptcy Court hearing Tuesday that real estate firm Medical Properties Trust and its partner Macquarie Infrastructure Partners, which jointly owned a long-term lease on the hospital properties, agreed to turn it over to their mortgage lender.
That surprise agreement would effectively remove MPT and Macquarie from the hospital sales talks, leaving lease negotiations with prospective buyers in the hands of New York-based Apollo Global Management, a Wall Street giant that manages assets of nearly $700 billion but is largely invisible to the public in Massachusetts.
With a single negotiator, and all parties motivated to wrap up sales deals by Friday, “significant progress has been made,” Steward’s lawyer, David Cohen, told Houston bankruptcy Judge Christopher Lopez.
Steward said it has qualified bids from prospective buyers of St. Elizabeth’s Medical Center in Brighton, Holy Family Hospital in Methuen and Haverhill, Good Samaritan Medical Center in Brockton, Morton Hospital in Taunton, and St. Anne’s Hospital in Fall River.
The bankrupt company said it drew no qualified bids for two other hospitals, Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer. The judge last week approved a Steward plan to close both of those acute care hospitals by the end of August.
Hugh McDonald, a lawyer for the Massachusetts Department of Health and Human Services and the state Attorney General’s office agreed “we made a lot progress” over the past week and said state officials expect the sales deals to be wrapped up this week.
The progress was enough for Governor Maura Healey’s administration to modify a plan to offer about $30 million in bridge funding for the Steward hospitals on the condition that purchase agreements were finalized by Tuesday. Even with the deals unfinished, the administration will advance a first tranche of the funding, $11.3 million, this week.
A second tranche of $18.6 million will be paid on Aug. 16 only if the deals are completed by Friday, according to the modified funding deal. Judge Lopez, who must sign off on any money flowing to Steward during the bankruptcy proceedings, approved the bridge funding Tuesday.
“This payment agreement represents the Commonwealth’s continued commitment to achieving the transition of the six remaining facilities to new operators,” McDonald told the bankruptcy judge.
The new dynamics of the negotiations cast a spotlight on Apollo, a secretive firm that thus far hasn’t commented on its involvement in the Steward bankruptcy case. Other parties say Apollo has taken a leading role for weeks in the talks about lease terms with prospective hospital buyers while also bickering with the landlords, a dynamic described by a Steward attorney last week as an “intra-stakeholder dispute.”
Judge Lopez last week nullified a lease Steward negotiated with the landlords in 2016 requiring the hospitals to pay more than $100 million in annual rents. Even before it filed for bankruptcy on May 6, the cash-strapped hospital systems had stopped paying the rents, curbing the cash flow of the landowners who owed mortgage payments to Apollo.
The parties didn’t disclose financial terms of the agreement in principal transferring the hospital properties from the landlords to Apollo or whether Apollo planned to retain the properties and collect rents on them or sell the land and buildings to new hospital operators.
Steward, which is selling its hospitals and its doctors group to pay off its scores of creditors, is expected to run out of money from its bankruptcy loans within weeks. The bridge funding can be used only for the hospitals’ operating expenses until they can be sold, not for executive compensation or rental payments, according to the funding terms.
The money is an advance from MassHealth, the state Medicaid program, based on the hospitals’ participation in several quality and equity incentive programs the state sponsors for low-income patients.
Robert Weisman can be reached at robert.weisman@globe.com.
Massachusetts
Mother charged with two murders heading back to Massachusetts – VTDigger
A mother charged with two counts of murder after the deaths of her two young children agreed Monday in Rutland County Superior Court to be transferred to Massachusetts, where she will face the charges.
The Massachusetts State Police have charged Janette MacAusland, 49, with murdering her two children, ages 6 and 7, after they were found dead at their home in Wellesley, Massachusetts, Friday.
According to a Bennington police press release, MacAusland arrived at a relative’s home in Vermont on Friday night with a neck injury, bleeding and appearing “highly distraught.”
The relatives called the Bennington police, who then prompted police in Wellesley, Massachusetts, to check on MacAusland’s children. Both were found dead. No details have been released about the cause or manner of death.
The Bennington Police Department arrested MacAusland and took her to Marble Valley Correctional Facility in Rutland, where she has been held without bail.
Appearing virtually in court Monday, MacAusland agreed to waive her right to a hearing and be immediately transferred back to Norfolk County in Massachusetts.
“She’s decided that the best thing is to get back to Massachusetts as soon as possible and address these charges,” Jeff Rubin, her attorney, said at the hearing.
The children’s deaths follow a custody battle between MacAusland and her former husband, according to the Associated Press. MacAusland’s husband filed for divorce in October after nine years of marriage and sought custody of the children and family home.
Massachusetts
Massachusetts woman accused of killing children appears virtually in Vermont court
BENNINGTON, Vt. (WRGB) — A Massachusetts woman accused of killing her two children appeared in court virtually in Vermont on Monday.
Janette MacAusland joined the court hearing from Marble Valley Correctional Facility in Rutland and waived her extradition rights, signing a waiver to be transported back to Massachusetts.
The case began Friday night, when Bennington police were reportedly called for a welfare check on MacAusland. Police say she arrived at a family home distraught and with a neck injury.
PREVIOUS: Massachusetts mother arrested as fugitive in Bennington, charged in murder of two children
While speaking with police, officers reportedly became increasingly concerned for her children in Wellesley, Massachusetts — a boy and a girl, ages 7 and 6.
Authorities there conducted a welfare check and found the children dead.
MacAusland was arrested and charged with murder.
The Boston Globe reports MacAusland was going through a contentious divorce and seeking custody of both children.
A check-in will be required in two weeks to ensure she is picked up. In the meantime, she remains in jail without bail.
MORE: “Deeply disturbing”: Elderly woman attacked, son indicted
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Massachusetts
Massachusetts murder suspect found bleeding and distraught in Bennington, VT
Janette MacAusland is accused of killing her two children in MA.
BENNINGTON, NY (WNYT) – 49-year-old Janette MacAusland was arrested Friday in Bennington, VT; she is accused of killing her two children in Wellesley, MA.
Bennington Police said they got a call around 9:15 Friday night to conduct a welfare check about a woman that had arrived at a family home in Bennington appearing highly distraught. That woman was Janette MacAusland.
It was also reported to police that MacAusland had a visible neck injury and was actively bleeding.
Benington Police said as officers tried to talk to the woman she became increasingly concerned about the welfare of her children.
Bennington Police then requested that Wellesley Police perform a welfare check on the children at the home in Wellesley, MA.
Around 9:50 p.m. Friday night, Wellesley Police called Benington Police and told them that MacAusland’s two children were found dead inside her home.
Woman accused of killing two children arrested in Bennington
Bennington Police then took MacAusland into custody as a fugitive from justice. The Commonwealth of Massachusetts charged Janette MacAusland with two counts of murder for the death of her children.
MacAusland is now being held at the Marble Valley Correctional Facility without bail, where she awaits to be transferred to Massachusetts to answer to the murder charges.
MacAusland is scheduled to be arraigned Monday in Rutland Superior Court.
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