PROVIDENCE – State regulators have deemed the initial application to be complete for the expedited review of Memorial Hospital of Pawtucket merger into the Care New England hospital network.
In a letter dated April 15, Rhode Island assistant attorney generals notified lawyers representing Care New England and Memorial that the amended application was “complete and accepted for review.”
Under the expedited review process under the state’s Hospital Conversions Act, state regulators will have 90 days to review the proposed partnership.
Of the four hospital purchases and partnerships in Rhode Island that are proposed or pending, this action by regulators puts the Care New England-Memorial partnership second in the queue. The sale of Westerly Hospital to Lawrence + Memorial Hospital in New London, Conn., is expected to be approved this month by state regulators and closed upon in May, according to special master Mark Russo.
Review by state regulators of the proposed sale of Landmark Medical Center to Prime Healthcare Services of Ontario, Calif., is currently suspended, awaiting new requested information from Prime Healthcare, according to the state’s Attorney General’s office.
In June, Landmark will reach its fifth anniversary in receivership.
The proposed for-profit joint venture between CharterCARE Health Partners and Prospect Medical Holdings in California has not yet submitted an application to state regulators.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.