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Prospect approved to sell 2 Rhode Island hospitals, must meet 40 conditions
Becker's Healthcare June 20, 2024
Los Angeles-based Prospect Medical Holdings has received conditional approval from Rhode Island Attorney General Peter Neronha, after a lengthy review, to sell its two safety net hospitals to The Centurion Foundation.
The sale of the two hospitals, Our Lady of Fatima Hospital in North Providence, R.I., and Roger Williams Medical Center in Providence, must also be compliant with “40 unique conditions across seven areas” imposed by Mr. Neronha to ensure success for the hospitals, according to a June 20 news release shared with Becker’s.
The hospitals are owned and operated by Prospect’s Providence, R.I.-based CharterCare Health Partners.
A nonprofit organization, Atlanta-based Centurion aids other nonprofits through development, arranging finances and leasing facilities. It has completed over 100...
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