Page 3 - David Topper News Today

Maybe never before in Rhode Island’s history has the state's healthcare system been in greater turmoil. And, none of it is related to the pandemic.

Roger Williams Medical, Fatima Hospital owner withdraws hospital conversion application Alexa Gagosz © David Goldman The attorney general’s decision comes just a day after tensions between Prospect and Neronha’s office quickly escalated when Prospect threatened to close Roger Williams Medical and Fatima Hospital. PROVIDENCE — As Lifespan Corporation and Care New England move forward with their merger, Prospect Medical Holdings, the owner of Roger Williams Medical Center...

Roger Williams Medical, Fatima Hospital owner withdraws hospital conversion application As part of the regulatory review process, the attorney general was to release a report Friday that would have detailed owner Prospect Medical Holdings’ financial health. Instead, the review now ends. By Alexa Gagosz Globe Staff,Updated April 30, 2021, 10:54 a.m. Email to a Friend The attorney general’s decision comes just a day after tensions between Prospect and Neronha’s office quickly escal...

The owner of Roger Williams and Our Lady of Fatima hospitals on Thursday threatened to close the facilities if state regulators impose tough new financial conditions on them. Prospect Medical Holdings, the California-based company that owns the hospitals, is seeking state approval for its private-equity investor to exit the ownership group. A decision is expected Friday.  In a news release, Prospect said it expects Attorney General Peter Neronha to require the company to place $120 millio...

Proposed deal involving for-profit Rhode Island hospitals sparks sharp battle Published Thu Feb 25 2021 06:44:15 GMT+0000 (Coordinated Universal Time) As Rhode Island’s two-largest hospital groups pursue a merger, a fierce battle is playing out over the control of the state’s third-biggest hospital group. CharterCARE Health Partners includes Our Lady of Fatima Hospital in North Providence and Roger Williams Medical Center in Providence, which are among the largest employers and bi...

This story was originally published by Lookout content partner, ProPublica. On Sept. 30, we published an article examining how Prospect Medical Holdings, a hospital chain, and Leonard Green & Partners, its private equity owner, had extracted hundreds of millions of dollars in profits for investors while patients served by their hospitals suffered from a litany of problems. The article reported that on 14 occasions over a decade, government health inspectors had concluded that Prospect hospital...

Ruggerio submits bill to pause for-profit hospital conversions for one year R.I. SENATE PRESIDENT Dominick J. Ruggerio has submitted a bill that would pause hospital conversions in Rhode Island for one year if the acquiree or acquirer was a for-profit entity. / PBN FILE PHOTO/MICHAEL SALERNO PROVIDENCE – Senate President Dominick J. Ruggerio on Tuesday said hes filed legislation that would impose a one-year moratorium on hospital conversions involving for-profit corporations. “...

Battle over the hospital conversion of CharterCARE is emerging In 2017, GoLocal unveiled the collapse of the pension fund of St. Joseph Hospital and since then, there have been three-plus years of litigation to recover assets from a host of business entities including the parent company of CharterCARE, Prospect Medical Holdings, and the Diocese of Providence.  Now, a financing structure by Prospect and the private equity firm Leonard Green which has a majority stake in the hospital group is dr...

Posted on 185 Frazier Healthcare Partners’ special purpose acquisition corporation, Frazier Lifesciences Acquisition Corporation, announced the pricing of its initial public offering of 12,000,000 units, at a price to the public of $10.00 per unit, for aggregate gross proceeds of $120,000,000. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder there...