Officials say Roger Williams Medical Center and Our Lady of Fatima Hospital are operating, but the state’s health care system does not have the capacity to absorb their patients if they were forced to close.
Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.
In an initial filing seeking Chapter 11 protections, Prospect Medical Holdings, which owns facilities in California, Pennsylvania, Rhode Island, and Connecticut, listed debts of more than $400 million. In a press release announcing its restructuring, the company said it would continue to operate as normal.
In a series of coordinated efforts, the ACI Investigations Unit and associated task forces executed multiple arrests on January 16. Beth Kores, 59, of Richmond, Rhode Island, was apprehended for her second offense of violating a no-contact order.
In a statement, the company said specifically it was looking to expedite the sales of Roger Williams and Our Lady of Fatima medical centers.
The company has two hospitals in Rhode Island caring for thousands of the state’s most vulnerable patients. Here are answers to questions from patients and observers about how to navigate the bankruptcy.
The Rhode Island Department of Business Regulation and 47 other state agencies are set to receive their part of an $80 million fine agreed to by Block, Inc., operator of Cash App.
The lawsuit accused Prospect Medical Holdings, Inc. of mismanaging and neglecting the Crozer Health System, resulting in closures of facilities and a shattered network of care for hundreds of thousands of Pennsylvanians.
The move by Prospect Medical Holdings was long expected. Its local hospitals, including Crozer-Chester Medical Center in Upland and Taylor Hospital in Ridley Park, are expected to continue operating.
Prospect entered bankruptcy with an agreement in place to sell two Rhode Island hospitals, Roger Williams Medical Center and Our Lady of Fatima Medical Center, to the Centurion Foundation, a private non-profit foundation which specializes in real estate financing and development for non-profit institutions.