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. 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. 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.
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Source: https://www.beckershospitalreview.com/finance/sale-of-2-prospect-rhode-island-hospitals-approved-7-things-to-know.html