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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 in Providence and Our Lady of Fatima Hospital in North Providence, announced Friday morning that it...
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 Holdingsâ 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 generalâs decision comes just a day after tensions between Prospect and Neronhaâs office quickly escalated when Prospect threatened to close Roger Williams Medical and Fatima Hospital.David Goldman/Asso...
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 million to $150 million in escrow for the ownership change to go through. "The imposition of such an escro...
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 biggest taxpayers in their communities. by Ian Donnis Back in 2014, a California-based for-profi...