PROVIDENCE, R.I. (AP) - State regulators are beginning their full review of a proposed joint venture between a California-based health care company and CharterCare Health Partners, which owns two Rhode Island hospitals.
The office of the attorney general and the health department said Friday the application from Prospect Medical Holdings and CharterCare has been deemed complete.
CharterCare operates Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence. Prospect owns and operates several hospitals in California and Texas.
The plan calls for the creation of a new for-profit company that would be jointly owned by Prospect and CharterCare. Prospect would be the majority owner.
The attorney general’s office and health department have 120 days to review the application and decide whether to allow the transaction.
Please read our comment policy before commenting.