By PBN Staff
Private-equity backed RegionalCare Hospital Partners has signed a letter of intent to buy Woonsocket’s Landmark Medical Center and the related Rehabilitation Hospital of Rhode Island.
RegionalCare, while releasing no specifics of the deal, did commit to a multimillion-dollar expansion of the hospital emergency room services, according to the court-appointed special master for Landmark.
The question is, does a for-profit model work for a community hospital, one that has had a difficult time recently? Would you rather see a local nonprofit, say Lifespan, put in a bid for the hospital?