In a statement, Lifespan cited a reduced demand for inpatient beds and Landmark’s capital needs to explain its decision, according to the report.
Lifespan was one of several potential buyers, including Brentwood, Tenn.-based RegionalCare, which has already announced its intention to bid on Landmark.
The deadline for bids is March 25.
Read the Providence Journal report on Lifespan and Landmark Medical Center.
Read more coverage on Landmark Medical Center:
– Rhode Island’s Landmark Medical Center Receives Bid From Tennessee’s RegionalCare Hospital Partners
– Rhode Island’s Landmark Medical Center Accelerates Sale Process
– Merger Talks Stall Between Caritas Christi and Landmark Medical Center
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
