Financing hurdles and a missed deadline have the fate of two Rhode Island hospitals owned by the bankrupt Prospect Medical Holdings up in the air. Roger Williams Medical Center and Fatima Hospital, which combine for about 500 beds and almost 2,500 employees, have long been eyed by Atlanta-based nonprofit The Centurion Foundation. The organizations had first announced a pending transaction for parent system CharterCARE in 2022. Even after Prospect declared bankruptcy just over a year ago, the pair said it would continue to pursue the sale via bankruptcy court. Recent weeks have that outcome looking more and more strained. Centurion missed a Jan. 15 deadline outlined in a Dec. 8 agreement with Rhode Island’s attorney general and the bankruptcy judge to close the transaction.
Read the full article: R.I. Weighing Options for Prospect Hospitals After Nonprofit Buyer Misses Deadline //
Source: https://www.fiercehealthcare.com/providers/rhode-island-weighing-options-prospect-hospitals-after-nonprofit-buyer-misses-deadline