Ownership Change at Roger Williams and Fatima Hospitals on Hold

(Providence, RI) -- The Rhode Island Attorney General's Office says a request for approval of an ownership change at Roger Williams and Fatima Hospitals in Greater Providence is being withdrawn. Prospect Medical Holdings cried foul last week after announcing that the A.G.'s office was requiring a 150-million-dollar escrow if the sale went through. Attorney General Peter Neronha says the ownership group has requested more time to try to convince his office they are prepared to provide financial security guarantees, notwithstanding what he called an "irresponsible" threat to close the hospitals in response to the conditions being imposed.

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