Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Regulators Again Call Prime's Application to Purchase Landmark Medical Center Incomplete

The Rhode Island attorney general's office and the state department of health suspended review of the proposed acquisition of Woonsocket, R.I.-based Landmark Medical Center by Ontario, Calif.-based for-profit chain Prime Healthcare Services, claiming Prime's application was incomplete for the second time, according to a report by WPRI.com news.

After a judge approved the sale of bankrupt Landmark to Prime in October, regulators requested additional information before final approval of the deal. In a letter penned by regulators to the hospital entities, Prime submitted 1,400 additional pages, too many to be processed within the 10-day statutory window, and failed to answer regulators' questions, according to the report.

Prime and Landmark officials have until April 19 to submit an improved application.

More Articles on Hospital Acquisitions:

Point-Counterpoint: Is the Rush to Hospital Consolidation Rash?
LifePoint Eyes Purchase of Bell Hospital in Michigan
St. Joseph Health System Buys Bellville General Hospital in Texas

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars