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- Hospitals Saved from Closure Amid Bankruptcy Crisis
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Two major hospitals in Rhode Island — Roger Williams Medical Center and Our Lady of Fatima Hospital — have narrowly avoided closure thanks to a $3 million emergency fund authorized by the state’s Attorney General. The hospitals’ parent company, Prospect Medical Holdings, filed for bankruptcy earlier this year, leaving the future of these facilities in jeopardy. The emergency funding will keep them operational through November while a buyer is sought.
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Local communities had rallied to save the hospitals, which serve thousands of patients annually and are key employers in the region. Nurses and doctors warned that closure would overwhelm nearby facilities and delay critical care. The Attorney General’s office worked with state lawmakers and healthcare unions to secure temporary funding and ensure continuity of services.
Negotiations are now underway with several potential buyers, including nonprofit hospital networks and private equity firms. The state has imposed strict conditions on any sale, requiring guarantees for staffing levels, emergency services, and community health programs. While the immediate crisis has been averted, the situation highlights the fragility of hospital finances and the need for stronger oversight of for-profit healthcare entities.
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