Landmark acquisition one step closer

The sale of Landmark Medical Center to California-based Prime Healthcare Services moved forward last week with the vote from a subcommittee the Rhode Island Health Services. More

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health care

Landmark acquisition one step closer

Posted 9/23/13

The sale of Landmark Medical Center to California-based Prime Healthcare Services moved forward last week with the vote from a subcommittee the Rhode Island Health Services.

The Woonsocket hospital has been under the management of court-appointed Special Master Jonathan N. Savage for the past five years. The bid by Prime Healthcare, a for-profit hospital network based in Ontario, Calif., is the latest in the five-year saga to find a buyer for the financially troubled hospital.

Next Tuesday the full Health Services Council will vote on the application. If they approve it, the council will send a recommendation of approval to Health Director Michael D. Fine, who can either accept or reject it, according to a Landmark spokesperson.

The R.I. Office of Attorney General and the R.I. Department of Health are simultaneously in the midst of reviewing Landmark’s hospital conversion application. If both regulatory processes are approved, the sale will then go to a closing, the final step in the acquisition process. Out of respect for the regulatory process, the Landmark spokesperson was reluctant to provide a date for the finalization of the sale.

The DOH and the Attorney General’s office will hold a public hearing where members of the public can express their opinions regarding the sale on Sept.30 from 4 p.m. to 7 p.m. at Woonsocket High School located at 777 Cass Ave.

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