Becker's Healthcare November 26, 2024
Los Angeles-based Prospect Medical Holdings has received approval from Rhode Island Director of Health Jerry Larkin, MD, to sell two of its state hospitals to The Centurion Foundation, an Atlanta-based nonprofit.
Here are seven things to know:
1. The two hospitals, Our Lady of Fatima Hospital in North Providence, R.I., and Roger Williams Medical Center in Providence, are owned and operated by Prospect’s Providence-based CharterCare Health Partners.
2. Dr. Larkin’s decision comes after recommendations from the Rhode Island Health Services Council and completes all state-level regulatory approvals needed for the transaction, according to a Nov. 25 news release.
3. Prospect received approval to sell the hospitals from Rhode Island Attorney General Peter Neronha in late June after a...
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