hospital conversions act

Health Care
5:21 pm
Mon October 28, 2013

Deal To Acquire Landmark Approved

Kristin Gourlay RIPR

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.

Read more
Health Care
5:00 am
Mon October 28, 2013

Decision Expected On Landmark's Future

Landmark Medical Center in Woonsocket has been in receivership since 2008.
Credit Kristin Gourlay / RIPR

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.

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.

Read more
Health Care
5:19 pm
Fri June 28, 2013

Prime's Application to Buy Landmark Now Complete

Credit Catherine Welch / RIPR

Rhode Island regulators have deemed Prime Healthcare’s application to buy Woonsocket’s Landmark Medical Center complete.

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 1st and ends October 28th under Rhode Island’s Hospital Conversion Act.

Read more
The Pulse
3:46 pm
Wed June 26, 2013

Landmark in Limbo as Regulators Review Prime's Application, Once Again

Credit Catherine Welch / RIPR

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.

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:

Read more
Health Care
11:27 am
Wed May 1, 2013

Westerly Hospital Lays off 45 Ahead of Sale to L&M

Credit Kristin Gourlay / RIPR

Westerly Hospital will lay off 45 employees, just before its sale to Lawrence & Memorial Hospital in New London, CT is completed.

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.

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&M’s headquarters in Connecticut.

Read more
Health Care
1:31 pm
Thu March 21, 2013

Fatima, Roger Williams Ink Deal with For-Profit Firm

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.

Read more
Health Care
4:00 pm
Tue January 29, 2013

Application to buy Westerly Hospital heads for formal review

Westerly Hospital is another step closer to being acquired by New London-based L&M Hospital.

Rhode Island’s department of health and the attorney general’s office say they’ve received a complete application from L&M. The state agencies now have 90 days to review it. If they accept L&M’s offer, Westerly could be the first hospital acquired under the state’s new Hospital Conversions Act.