Overview
- U.S. Bankruptcy Judge Stacey Jernigan will hear the closure request Tuesday at 10:30 a.m. ET in Texas, and Attorney General Peter Neronha plans to attend in person.
- Prospect seeks permission to close Roger Williams Medical Center and Our Lady of Fatima Hospital by Dec. 31 if the state will not assume control, citing insolvency and about $18.7 million in losses over six months plus roughly $6 million projected through November.
- Centurion accused Prospect of breaching their purchase agreement by filing the motion and warned the move could make bond financing impossible.
- Centurion says financing efforts continue with Bank of America added to the team and a potential bridge loan under consideration to reach closing.
- Neronha reported state concessions to aid financing and said another potential buyer has begun due diligence, while hospital leaders say operations and patient care remain normal at facilities that employ more than 2,400 workers and provide over 500 licensed beds.