Boston-based Caritas Christi Health Care is in negotiations to purchase Landmark Medical Center in Woonsocket, R.I., according to a report in the Boston Globe.
The financially struggling Caritas Christi is looking into a merger with Landmark, which is in a court-appointed receivership, in order to strengthen its clout with insurers and bondholders and to make the hospital system more appealing to a potential buyer, according to the report.
Officials from the Rhode Island Attorney General's Office and the Department of Health have promised to carefully consider the merger before approving the move. Regulators and other representatives from health insurers in Rhode Island are concerned that neither Caritas Christi nor Landmark will be financially secure enough for a potential merger, among other items.
Read the Globe's report about the potential Caritas Christi/Landmark Medical Center merger.