Attorney General approves Landmark Hospital merger
Posted: 5/25/2012 1:33:27 PM
Attorney General Peter Kilamrtin approved the sale of Landmark Medical Center and rehabilitation Hospital of Rhode Island to Steward health Care System LLC.
“I am pleased to announce the approval of, with reasonable conditions, the sale of Landmark to Steward. For nearly four years, the fate of Landmark has been in question, in terms of access to healthcare for Northern Rhode Island residents, as provider of good paying jobs, and as a generator of economic activity. Today’s announcement, along with the recent approval by the Department of Health, allows the two entities to move forward with the proposed sale, and give greater certainty that access to quality healthcare services to area residents will continue,” said Kilmartin.
The Steward Health Care System is a Massachusetts for-profit entity, currently Landmark is a non-profit facility.
On Tuesday, the state health director Dr. Michael Fine approved the deal. Both the attorney general’s and the medical director’s approval was needed before the deal could pass.
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