Tuesday, November 04, 2025
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IMAGE: CharterCARE
GoLocal has spoken to multiple sources with direct knowledge that there have been substantive discussions between the McKee administration and representatives of Landmark Hospital’s parent company about potentially taking over the now bankrupt CharterCARE hospitals: Roger Williams and Fatima.
Landmark is owned by California-based Prime Healthcare, the fifth-largest for-profit health system in the United States, operating 51 hospitals in 14 states, with more than 360 outpatient locations.
On Tuesday in Texas, Chief Judge Stacey Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas is holding a hearing on the motion by Prospect Medical Holdings to close the CharterCARE hospitals.
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Rhode Island Attorney General Peter Neronha has flown to Texas to appear before the bankruptcy court.
History of Landmark
Landmark, located in Woonsocket, went into receivership in 2010 and was initially going to be sold to the now bankrupt for-profit Steward Health Care Systems, but Steward backed out on the deal.
Then, in October of 2012, Rhode Island Superior Court Judge Michael Silverstein approved the sale of Landmark to Prime.
The man who led Landmark for a number of years is Richard Charest, who, in May of 2023, was appointed by Governor Daniel McKee as Secretary of the Rhode Island Executive Office of Health and Human Services.
The Deal to Sell Roger Williams and Fatima to Centurion Is at Death’s Door
For the past three years, Centurion Foundation, a Georgia-based nonprofit that has never operated a hospital, has been at the center of a deal to buy the CharterCARE hospitals using $150 million in bonds being financed by a Rhode Island finance agency — Rhode Island Health and Educational Building Corporation. But Wall Street has rejected buying those bonds.
S&P has rated the bonds as BB- with a negative outlook.
According to those with direct knowledge, a merger of the ChartCARE hospitals into Prime’s Rhode Island might be the last remaining option for the two hospitals.
As GoLocal chronicled on Saturday, without a strategy shift approved by the Court in Texas, the end of the CharterCARE hospitals could be swift.
GoLocal reported, “Crozer Health in Pennsylvania was a sister hospital group to Rhode Island’s CharterCARE. Both were owned by the bankrupt Prospect Medical Holdings and each was a second-tier hospital group that had suffered through budget cuts, layoffs, and a lack of investments. Crozer closed, and more than 3,000 workers are out of a job. It happened fast.”
And, Prime Healthcare President and Chief Medical Officer Sunny Bhatia is on the record saying that his company is looking to expand in 2026, but cited that Medicaid cuts in President Trump’s big beautiful budget bill complicate turnaround strategies for distressed hospitals and Prime’s expansion. Prime is not without its critics, and when acquiring distressed hospitals, it has made significant cuts.
Related Articles
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Georgia-Based Centurion Foundation Submits Application to Buy CharterCare From Prospect Medical
Company Buying CharterCare Has Just One Full-Time Employee
UNAP Oppose Prospect’s Sale of CharterCARE, Centurion Fires Back
RI Healthcare Monopoly — Brown and Lifespan Announce Deal and CharterCARE’s Fate Is Unknown
CharterCare to be Sold – Deal Includes Roger Williams and Fatima Hospitals
Attorney General Neronha Issues Blistering Response to Prospect, Owners of CharterCARE
Neronha’s Consultant Gives Approval for Conversion of CharterCare’s Ownership
Attorney General, RIDOH Delay Review of Prospect CharterCARE Hospital Conversion
McKee Announces Transition COVID-19 Group Co-Chaired by CharterCARE Physician & Mayor Polisena
CharterCARE Owners Announce Closure of Roger Williams and Fatima if AG’s Demand for $150M Holds
Parent Company of RI’s CharterCARE Is Selling More Hospitals in Philly
PA Attorney General Moves to Take Over CharterCARE’s Sister Company
New Deal Impacts CharterCARE’s Future
CharterCARE Bonds Aren’t Selling, McKee Is Pouring in Millions to Try and Save Deal
With Bonds Not Selling, Neronha Changes Course and Releases Tens of Millions for CharterCare Deal
Stalled Bailout of Bankrupt CharterCARE Hospitals Gets New Financing Scheme
McKee Looking to Scoop Opioid Settlement Money to Fund CharterCARE Bailout
Bonds to Finance CharterCare Deal Did Not Sell Last Week, Hospital Expert Issues Warning
Judge Approves Closure of CharterCARE’s Sister Hospitals in PA – 2,600 Expected to Be Laid Off
Neronha Pushes Sale of CharterCARE Forward, Centurion and Prospect Approve of AG’s Changes
CharterCARE’s Parent Company Files for Bankruptcy – Fate of Roger Williams & Fatima in Question
Judge Approves Sale of CharterCARE; Buyer Seeks to Raise $138 Million to Finance Deal
RI Financing CharterCARE $400M With Debt Service, S&P Rates Bonds “Negative Outlook”
Chaos Hits CharterCare Sale, Petition Filed to Close Roger Williams and Fatima
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