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At the time, Neronha outlined a series of violations in a 106-page petition that he said raised “significant concerns” about the financial viability of Roger Williams Medical Center in ...
Neronha said he’s watching the bankruptcy proceedings of Prospect Medical Holdings closely, as the embattled holding company is seeking to offload Roger Williams Medical Center in Providence and ...
Attorney General Peter Neronha Tuesday signed off on the sale of Roger Williams Medical Center and Fatima Hospital with strict financial conditions he said should protect the facilities from a ...
Last week, a judge ordered Prospect to pay $17.3 million for overdue bills to vendors at the two hospitals within 10 days. Los Angeles-based Prospect took full ownership of the two safety-net ...
Prospect Medical Holdings had asked Neronha and the state Department of Health to sign off on majority owner Leonard Green, a private equity firm, leaving the company.
Prospect Medical Holdings, a California-based company, owns two hospitals in Rhode Island. “We need to ensure the continued viability of these hospitals for as long as we can,” Neronha said in ...
Neronha’s approval includes 40 distinct conditions that Prospect and Centurion will need to follow in order to close their deal. Chief among these are requirements to “address the currently ...
R.I. Attorney General Peter Neronha is "cautiously optimistic" the pending sale of two Rhode Island hospitals could still go through, despite the current owner having filed for federal bankruptcy.
Neronha’s 222-page decision and conditions came just days after state Superior Court Judge Brian Stern on June 12 ordered Prospect to pay $17.3 million in unpaid bills within 10 days.
Prospect and Centurion also are required to add another $66.8 million to a dedicated fund that Prospect can use to pay outstanding escrow from a 2021 agreement with Neronha.
Neronha said he’s watching the bankruptcy proceedings of Prospect Medical Holdings closely, as the embattled holding company is seeking to offload Roger Williams Medical Center in Providence and ...
R.I. Attorney General Peter Neronha is "cautiously optimistic" the pending sale of two Rhode Island hospitals could still go through, despite the current owner having filed for federal bankruptcy.