GoLocalProv | WSJ Raises Questions About CharterCARE's Parent Co. Finances, Battle Heats Up in RI
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...
Source: golocalprov.com