A Feb. 12 hearing in the U.S. Bankruptcy Court in Texas could determine whether the Centurion Foundation can proceed with its plan to buy Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence.
The hospitals are among the CharterCARE Health Partners assets owed by California-based Prospect Medical Holdings, which filed for bankruptcy last month.
Rhode Island regulators last year approved plans for the Atlanta-based Centurion Foundation to buy CharterCARE, but Prospect’s bankruptcy delayed the deal and Centurion has not yet indicated that it has completed the financing for the arrangement.
On Monday, Prospect announced it has entered into an amended purchase agreement with the Centurion Foundation.
This story was reported by The Public's Radio. You can read the entire story here.
