NewburyportNews.com, Newburyport, MA

Local News

September 23, 2011

Amesbury's old hospital sold for $4M

Anna Jaques Hospital to continue services in facility

(Continued)

Money from the sale will go into a board-designated fund to be used by Anna Jaques Hospital's board of trustees.

"The funds could be used, potentially, for major investments in expanded programs or facility improvements, depending upon the needs of the hospital's patients. The cash from the sale will also be used to continue to strengthen the financial health of the institution," O'Connor said in a release.

Chiaravalloti said the money will not be used for the hospital's expansion project.

Mondello, a Hamilton resident, said he plans to keep the building as it is, except for making improvements Anna Jaques long deferred, including repaving the parking lot and fixing the building's signs.

He called the property's tenants "top-notch" and said that he wants to make the building an asset for Amesbury.

Text Only | Photo Reprints

Port Pics
AP Video
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Special Features