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Various stakeholders of the Philippine Economic Zone Authority (PEZA) have endorsed to Malacanang Officer-in-charge (OIC) Deputy Director General Tereso O. Panga to stay on as leader of the agency that administers the country’s economic zones and their export-oriented locators. The endorsements ad
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 he's filed legislation that would impose a one-year moratorium on hospital conversions involving for-profit corporations. “The questions swirling around the financial instability of [Our Lady of Fatima Hospital] and [Roger...
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 drawing the attention of regulators and the media. The Rhode Island Office of the Attorney General and...