chartercare

RIPR

Care New England announced Wednesday that it has signed an agreement for a takeover of Rhode Island’s second-largest hospital network by Boston-based Partners HealthCare.

 

The deal, if approved by federal and state regulators, would mark a giant shift in Rhode Island’s healthcare market, granting Massachusetts’ largest health system huge influence -- and pricing power -- over Rhode Island’s health system.

 


Only about two months remain until the filing deadline to run for public office in Rhode Island this year, so a more active phase of campaign season is approaching. With that in mind, thanks for stopping by for my weekly column. As usual, your tips and comments are welcome, and you can follow me through the week on the twitters. Here we go.

Health Dept. Approves CharterCare, Prospect Deal

May 20, 2014

The Rhode Island Health Department has approved the affiliation of CharterCare with the California-based for-profit Prospect Medical Holdings. The state’s attorney general approved the deal last week.

RI AG Approves CharterCare/Prospect Deal

May 16, 2014

Rhode Island’s Attorney General has approved the affiliation of the nonprofit CharterCare Health system and the California-based for-profit Prospect Medical Holdings. CharterCare operates Roger Williams, St. Joseph’s, and Our Lady of Fatima hospitals.

Tonight, the public will have the chance to comment on the proposed sale of CharterCare Health Partners – which owns Our Lady of Fatima and Roger Williams hospitals – to California-based Prospect Medical Holdings. But the process hasn’t been without some bumps in the road.

Fatima, Roger Williams Ink Deal with For-Profit Firm

Mar 21, 2013

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.