Ocean State Today

On May 31 the Attorney General and the Rhode Island Department of Health, the two state regulators empowered to oversee hospital conversions in Rhode Island, issued the following statement regarding the status of an initial submission by Prospect Medical Holdings and The Centurion Foundation to state regulators pursuant to the Hospital Conversions Act (HCA). This submission was related to a proposed transaction involving CharterCARE, which includes Roger Williams Medical Center and Our Lady of Fatima Hospital.

“Following review of a submission from Prospect Medical Holdings and The Centurion Foundation delivered on May 26, 2023, regarding a proposed hospital conversion, the Attorney General and the Department of Health determined that the materials submitted do not constitute an Initial Application as required under the Hospital Conversions Act. The materials do not respond to the most recent, publicly available application form and do not include responses to transaction-specific questions.

The parties have been given notice by the Attorney General and the Department of Health that the submitted materials do not constitute an Initial Application. Under the HCA, transacting parties seeking the transfer of ownership of a hospital must complete an Initial Application and file it with both the Office of the Attorney General and the Rhode Island Department of Health, who will determine whether the application is complete. Once the application is deemed complete, the Attorney General and the Rhode Island Department of Health will then initiate a review and issue a decision on the application for transfer of ownership as to whether all statutory criteria are met and the public’s interest is protected.”

Original source can be found here.