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Friday, April 23, 2021

Key Health Dept. panel OK’s merger to create huge, for-profit RI health care monopoly

Senate leadership denounce the deal

This chart shows the proposed buyers on the left - hedge funds and venture capitalists - and what they plan to acquire on the right - Roger Williams Hospital, Our Lady of Fatima, medical groups, hospices and nursing homes

President of the Senate Dominick J. Ruggerio (D-Dist. 4, North Providence, Providence) and Senate Rules, Government Ethics and Oversight Committee Chairman Louis P. DiPalma (D-Dist. 12, Middletown, Little Compton, Newport, Tiverton) made the following joint statement:

“We are extremely disappointed with the Health Services Council’s vote to approve the Change in Effective Control of Prospect CharterCARE Roger Williams Medical Center, Our Lady of Fatima Hospital, Prospect Blackstone Valley Surgicare and Prospect Rhode Island Home Health and Hospice.

“There have been a number of very concerning red flags, including several serious issues raised by the consultant hired by the Council to advise them on the proposed transaction.  These issues should have given the Council pause.

“Unfortunately, the warning signs were ignored, which could impact the future of the hospitals, including access, quality and affordability. We are also very concerned about the potential impact to the dedicated staff who continue to provide exemplary service to their patients.

“We demand that Department of Health Director Dr. Nicole Alexander-Scott and her staff conduct a comprehensive review of the results produced by the consultant. The results of PYA’s study are very concerning to us, as it should have been to the Health Services Council.”