hospital conversions act en Deal To Acquire Landmark Approved <p>Woonsocket’s Landmark Medical Center is about to turn the page on a long and challenging chapter in its history. The struggling hospital has received regulatory approval to be acquired by a for-profit hospital chain called Prime Healthcare. That means an end to five years of uncertainty for employees, patients, and the community.</p> Mon, 28 Oct 2013 21:21:49 +0000 Kristin Gourlay 23905 at Deal To Acquire Landmark Approved Decision Expected On Landmark's Future <p>Today is the deadline for state regulators to decide whether an out-of-state hospital chain can acquire Woonsocket's Landmark Medical Center. The decision will mark the end of five years of uncertainty for the struggling hospital.</p><p>Landmark has been in receivership, a kind of bankruptcy, since 2008. It's flirted with several different potential buyers who got cold feet for one reason or another and pulled out. It's battled the state's largest insurer, Blue Cross and Blue Shield of Rhode Island, for higher payments.</p> Mon, 28 Oct 2013 09:00:00 +0000 Kristin Gourlay 23792 at Decision Expected On Landmark's Future Prime's Application to Buy Landmark Now Complete <p>Rhode Island regulators have deemed Prime Healthcare’s application to buy Woonsocket’s Landmark Medical Center complete.</p><p>Now the Attorney General and Department of Health can begin their official review of California-based Prime Healthcare’s bid to buy the troubled community hospital. That review begins July 1<sup>st</sup> and ends October 28<sup>th</sup> under Rhode Island’s Hospital Conversion Act.</p> Fri, 28 Jun 2013 21:19:56 +0000 Kristin Gourlay 17618 at Prime's Application to Buy Landmark Now Complete Landmark in Limbo as Regulators Review Prime's Application, Once Again <p>Been wondering what's happening with Landmark Medical Center? So has Woonsocket's mayor, Leo Fontaine. He wrote a letter to Governor Lincoln Chafee, pleading with him to weigh in on the process, use his influence to somehow resolve it. Problem is, regulators say that won't help.</p><p></p><p>Here are excerpts of the mayor's letter to the governor, a copy of which he apparently emailed to several newsrooms, but not to the primary regulators involved in approving or denying Prime Healthcare's application to buy to Landmark Medical Center:</p> Wed, 26 Jun 2013 19:46:04 +0000 Kristin Gourlay 17503 at Landmark in Limbo as Regulators Review Prime's Application, Once Again Westerly Hospital Lays off 45 Ahead of Sale to L&M <p>Westerly Hospital will lay off 45 employees, just before its sale to Lawrence &amp; Memorial Hospital in New London, CT is completed.</p><p>Westerly’s new owners struck deals with hospital unions early on during acquisition talks. They agreed to keep most clinical positions. The 45 lay-offs don’t conflict with those commitments.</p><p>15 of the employees losing their jobs are unionized support staff. The rest are mainly from Westerly’s business office. Those functions will be consolidated at L&amp;M’s headquarters in Connecticut.</p> Wed, 01 May 2013 15:27:41 +0000 Kristin Gourlay 14492 at Westerly Hospital Lays off 45 Ahead of Sale to L&M Fatima, Roger Williams Ink Deal with For-Profit Firm <p>CharterCARE, the umbrella organization for Our Lady of Fatima and Roger Williams hospitals, has announced its intent to partner with Prospect Medical Holdings, a for-profit health care firm based in California. The deal is in its infancy. But it's the fourth proposed hospital merger/acquisition under Rhode Islands Hospital Conversions Act. And it's yet another sign of the shaky financial ground on which many of the state's hospitals now find themselves.</p> Thu, 21 Mar 2013 17:31:12 +0000 Kristin Gourlay 12332 at Application to buy Westerly Hospital heads for formal review <p>Westerly Hospital is another step closer to being acquired by New London-based L&amp;M Hospital.</p><p>Rhode Island’s department of health and the attorney general’s office say they’ve received a complete application from L&amp;M. The state agencies now have 90 days to review it. If they accept L&amp;M’s offer, Westerly could be the first hospital acquired under the state’s new Hospital Conversions Act.</p><p>Westerly has been in receivership since late 2011. The financially struggling community hospital has been looking for ways to keep its doors open despite declining patient numbers.</p> Tue, 29 Jan 2013 21:00:00 +0000 Kristin Gourlay 9414 at