{"id":355196,"date":"2025-11-04T14:39:13","date_gmt":"2025-11-04T14:39:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/355196\/"},"modified":"2025-11-04T14:39:13","modified_gmt":"2025-11-04T14:39:13","slug":"potential-new-buyer-for-roger-williams-and-fatima-hospitals-emerging","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/355196\/","title":{"rendered":"Potential New Buyer for Roger Williams and Fatima Hospitals Emerging"},"content":{"rendered":"

Tuesday, November 04, 2025<\/p>\n

GoLocalProv News Team and Josh Fenton<\/p>\n

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IMAGE: CharterCARE<\/p>\n

GoLocal has spoken to multiple sources with direct knowledge that there have been substantive discussions between the McKee administration and representatives of Landmark Hospital\u2019s parent company about potentially taking over the now bankrupt CharterCARE hospitals: Roger Williams and Fatima.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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Rhode Island Attorney General Peter Neronha has flown to Texas to appear before the bankruptcy court.<\/p>\n

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History of Landmark<\/strong><\/p>\n

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.<\/p>\n

Then, in October of 2012, Rhode Island Superior Court Judge Michael Silverstein approved the sale of Landmark to Prime.<\/p>\n

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.<\/p>\n

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The Deal to Sell Roger Williams\u00a0 and Fatima to Centurion Is at Death\u2019s Door<\/strong><\/p>\n

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 \u2014 Rhode Island Health and Educational Building Corporation. But Wall Street has rejected buying those bonds.<\/p>\n

S&P has rated the bonds as BB- with a negative outlook.<\/p>\n

According to those with direct knowledge, a merger of the ChartCARE hospitals into Prime\u2019s Rhode Island might be the last remaining option for the two hospitals.<\/p>\n

As GoLocal chronicled on Saturday<\/a>, without a strategy shift approved by the Court in Texas, the end of the CharterCARE hospitals could be swift.<\/p>\n

GoLocal reported, “Crozer Health in Pennsylvania was a sister hospital group to Rhode Island\u2019s 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.\u00a0Crozer closed, and more than 3,000 workers are out of a job. It happened fast.”<\/p>\n

And,\u00a0Prime 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.<\/p>\n

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