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Attorney general outlines 40 ‘non-negotiable’ terms for Prospect’s safety net hospitals sale
Fierce Healthcare June 21, 2024
Rhode Island Attorney General Peter Neronha announced Thursday that his office will permit a heavily scrutinized sale of two struggling safety net hospitals, though it will be imposing a laundry list of “significant conditions” around funding, outstanding balances, governance and community benefit.
The facilities’ owner, Los Angeles-based for-profit Prospect Medical Holdings, is seeking an exit from the state and in 2022 found a willing partner in Atlanta-based nonprofit The Centurion Foundation.
The two organizations submitted their plan to transition the hospitals—Our Lady of Fatima and Roger Williams Medical Center—and related assets that make up the CharterCARE health system into locally governed nonprofits to the attorney general and the Rhode Island Department of Health (RIDOH) last year.
Assuming that Prospect and...
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