{"id":264058,"date":"2025-11-01T02:24:10","date_gmt":"2025-11-01T02:24:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/264058\/"},"modified":"2025-11-01T02:24:10","modified_gmt":"2025-11-01T02:24:10","slug":"owner-of-roger-williams-and-fatima-hospitals-seeks-closure-or-state-takeover","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/264058\/","title":{"rendered":"Owner of Roger Williams and Fatima hospitals seeks closure or state takeover"},"content":{"rendered":"

The owner of Roger Williams Medical Center and Our Lady of Fatima Hospital, in a federal bankruptcy case, are seeking approval to close the hospitals by the end of December or have them taken over by the state of Rhode Island.<\/p>\n

Prospect Medical Holdings claims the delay of a proposed sale of the hospitals is costing millions of dollars per month, and blames the delay in part on conditions of a sale imposed by the Rhode Island Attorney General’s Office, stating it is \u201cheld hostage\u201d by the attorney general’s sale conditions and the buyer\u2019s \u201cinability to raise the necessary financing.\u201d<\/p>\n

\u201cAbsent the transfer of the RI Hospitals to the State of Rhode Island or its designee, the Debtors will have no choice but to wind-down operations at the RI Hospitals to preserve patient safety and mitigate the risks of administrative insolvency,\u201d Prospect wrote in the court filing in Texas.<\/p>\n

\"Roger<\/p>\n

Roger Williams Medical Center would be sold to an Atlanta-based company and return to nonprofit status. (WJAR File Photo)<\/p>\n

A planned sale of Roger Williams in Providence and Fatima in North Providence has been in the works for three years<\/a>.<\/p>\n

They operate under CharterCARE Health Partners.<\/p>\n

Prospect has an agreement to sell the hospitals to the Centurion Foundation in Georgia.<\/p>\n

A spokesman for the hospitals wrote in a statement to NBC 10 News: \u201cThis filing has no immediate impact on CharterCARE hospitals, they are fully operational, census is extremely high, and employees are reporting for work just like any normal day. Centurion and all parties, including state leaders, continue to work diligently on a financing plan that will result in a sale close before the proposed notice date.\u201d<\/p>\n

The bankruptcy court approved the sale to Centurion in February.<\/p>\n

Rhode Island regulators also approved the sale last year, but imposed conditions<\/a> they claim are needed to keep the hospitals financially stable.<\/p>\n

Attorney General Peter Neronha announced 13 new and amended conditions in July, including requiring Centurion to spend at least $50 million on capital expenditures within three years of the sale closing.<\/p>\n

Prospect wrote in the court filing, \u201cNow, more than eight months after approval of the Centurion Sale, and six months after that promised closing date, the Debtors can no longer afford to fund the RI Hospitals on the hope that Centurion may finally obtain adequate financing to close the Centurion Sale.\u201d<\/p>\n

Prospect claims the six month delay in the sale has cost nearly $19 million, and expects another $6 million in losses by the end of November.<\/p>\n

\u201cThe major barrier to closing the Centurion Sale (and also any potential sale to another hypothetical buyer) are the financial requirements imposed by the Rhode Island Attorney General and RIDOH, as well as the buyer\u2019s failure to raise sufficient funds,\u201d Prospect wrote in its filing. (RIDOH stands for Rhode Island Department of Health)<\/p>\n

\"Our<\/p>\n

Our Lady Of Fatima Hospital (WJAR)<\/p>\n

The attorney general\u2019s office did not address the accusation in a statement to NBC 10 News, writing, \u201cGiven the developments over the past few weeks, we are not surprised by this development and have been preparing for it. We will oppose this motion in court in the coming days and will continue to do everything we can to keep these hospitals open and operating for the foreseeable future.\u201d<\/p>\n

Prospect wrote in its court filing, \u201cUnless there can be some certainty that the Centurion Sale will close, or the Rhode Island Attorney General agrees to lower its requirements to whatever level of funding Centurion can meet, the Debtors will be forced to continue to operate the RI Hospitals indefinitely at a considerable loss.\u201d<\/p>\n

The United Nurses and Allied Professionals called on state leaders to do whatever they can to keep the hospitals open.<\/p>\n

“It will be an all out catastrophe for Rhode Island\u2019s health care system if these important community hospitals and health care facilities close down. Our system doesn\u2019t have the capacity to treat the patients who will be displaced in the event of closure, and Rhode Island\u2019s other hospitals will be completely overwhelmed with a flood of new patients. Thousands of nurses and other health professionals will lose their jobs,” Chris Callaci, UNAP\u2019s General Counsel, said in a statement.<\/p>\n

House Speaker Joe Shekarchi and Senate President Valarie Lawson commented in their own joint statement.<\/p>\n

“The CharterCARE hospital network provides vital services to Rhode Islanders and is an integral component of our heath care system in Rhode Island. While Prospect\u2019s filing has no immediate impact on CharterCARE operations, we continue to work diligently with Governor McKee, Attorney General Neronha and all stakeholders to support the sale of the hospitals and to ensure their continued viability now and in the future,” they said.<\/p>\n","protected":false},"excerpt":{"rendered":"The owner of Roger Williams Medical Center and Our Lady of Fatima Hospital, in a federal bankruptcy case,…\n","protected":false},"author":2,"featured_media":264059,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[97,252,253],"class_list":["post-264058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-health-care","tag-health","tag-health-care","tag-healthcare"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/264058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=264058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/264058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/264059"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=264058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=264058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=264058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}