Bankruptcy judge grants Prospect access to $100M in loans

Updated at 3:46 p.m.

THE OWNER of two safety net hospitals in Rhode Island was granted access to up to $100 million in loans Tuesday, days after the company filed for bankruptcy../PBN FILE PHOTO/MICHAEL SALERNO

PROVIDENCE – Days after filing for bankruptcy, the owner of two safety net hospitals in Rhode Island was granted access to up to $100 million in new loans Tuesday. Prospect Medical Holdings Inc., which owns Roger Williams Medical Center and Our Lady of Fatima Hospital, can access $29 million immediately, Chief Judge Stacey G.C. Jernigan

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