NORTH­EAST

Modern Healthcare - - REGIONAL NEWS -

WOONSOCKET, R.I.—

Rhode Is­land’s at­tor­ney gen­eral granted Stew­ard Health Care Sys­tem more time to close its deal to ac­quire Land­mark Med­i­cal Cen­ter in Woonsocket. Bos­ton-based Stew­ard had re­quested that At­tor­ney Gen­eral Peter Kil­martin waive a 60-day dead­line he set when ap­prov­ing the deal’s ap­pli­ca­tion in May. In a state­ment re­leased July 30, Kil­martin said he had de­nied Stew­ard’s re­quest to waive the dead­line but would ex­tend it to Aug. 31. A spokesman for Stew­ard did not re­spond to re­quests for com­ment. Stew­ard an­nounced plans in mid-2011 to ac­quire the fi­nan­cially trou­bled 133-bed hospi­tal. The for-profit sys­tem later amended the as­set­pur­chase agree­ment with new con­di­tions that would al­low the sys­tem to walk away from the deal. One con­di­tion—that law­mak­ers pass leg­is­la­tion amend­ing the state Hospi­tal Con­ver­sions Act—was met in June. The law was changed to al­low for-profit sys­tems to ac­quire more than one hospi­tal in Rhode Is­land ev­ery three years (June 25, p. 6). Other con­di­tions in­clude a mem­o­ran­dum of un­der­stand­ing to “align” Land­mark with Thun­der­mist Health Cen­ter and the re­moval of re­stric­tions that pre­vented Stew­ard from re­duc­ing staff and clin­i­cal ser­vices. The at­tor­ney gen­eral op­posed the ad­di­tion of the new con­di­tions.

Land­mark Med­i­cal Cen­ter

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