Hall Render Represents Centurion Foundation in Rhode Island Hospital Acquisition, Preserving Essential Health Care Services
The transaction represents a significant milestone for the hospitals and surrounding communities, enabling the acquisition of two safety net hospitals, Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence, and positioning the facilities to continue serving patients while avoiding the disruptive outcomes that can accompany distressed-provider transitions, including state receivership. The transaction involves converting these hospitals from their prior "for-profit" status under Prospect Medical Holdings to non-profit organizations recognized by the IRS as tax-exempt public charities. The deal also protects hundreds of jobs and ensures continuity of care for patients across the region.
"We are grateful for
"This transaction reflects the kind of mission-critical work
The transaction underscores
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