(WJAR) \u2014 Centurion Foundation, a non-profit that is trying to buy Roger Williams Medical Center and Fatima Hospital, is asking for a $18 million reserve bond from the state to help with the purchase, according to a letter.<\/p>\n
In a letter sent by Centurion President Ben Mingle to state officials, he says the company has secured verbal commitments from four investors that aggregate to an amount sufficient to close the proposed acquisition of the two hospitals from Prospect Medical Holdings.<\/p>\n
\u201cEach investor has clearly stated that their investment is subject to, and conditioned upon, having a state-funded bond reserve fund in the amount of $18 Million,\u201d Mingle wrote in the letter sent last Friday.<\/p>\n
Mingle requested legislation to be introduced as soon as possible for the approval of the bond.<\/p>\n
According to officials, Centurion is now working to formalize bond purchase agreements with each investor.<\/p>\n
Centurion hopes to close the transaction before Feb. 28, Mingle said.<\/p>\n
Prospect Medical Holdings has been trying to sell the hospitals to Centurion Foundation in Georgia, but the deal has been behind schedule as Centurion tried to secure financing. The deal to sell the hospital to Centurion was first announced more than three years ago.<\/a><\/p>\n Comment with Bubbles<\/p>\n JOIN THE CONVERSATION (2)<\/p>\n NBC 10 News has reached out to the governor’s office, House Speaker K. Joseph Shekarchi and other state leaders for a comment and has not heard back.<\/p>\n","protected":false},"excerpt":{"rendered":"(WJAR) \u2014 Centurion Foundation, a non-profit that is trying to buy Roger Williams Medical Center and Fatima Hospital,…\n","protected":false},"author":2,"featured_media":417367,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[97,252,253],"class_list":{"0":"post-417366","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-health-care","8":"tag-health","9":"tag-health-care","10":"tag-healthcare"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/417366","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=417366"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/417366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/417367"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=417366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=417366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=417366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}