Parent company’s bankruptcy may allow CT hospitals to directly tap into locally generated funds
Prospect Medical Holdings' 3 CT hospitals are expected to tap into their own funds to finance their operations during the ...
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Shocking revelation: Hospital chain owes more than $1B — without enough cash to make payroll
Prospect Medical Holdings’ dire financial straits were well-documented, even before the owner of Roger Williams Medical ...
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Prospect Medical Holdings' Bankruptcy Is Latest Case of Private Equity Ownership Gone Wrong
The health system's financial unraveling has similarities to the much-maligned collapse by Steward Health Care. The spotlight on private equity ownership in healthcare is burning even brighter after ...
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One Man’s Story About Fighting Cancer at One of Rhode Island’s Bankrupt Hospitals
While much of the news about Roger Williams Hospital’s parent company has been about bankruptcy, deficits, and allegations of ...
Crafts retailer Joann files second bankruptcy in a year
Joann has 20 locations in Massachusetts, according to its website, as well 27 outposts across New Hampshire, Vermont, ...
Crozer-Chester Medical Center’s bankruptcy fate could be known early next week
A new operator for Crozer Health could be picked as soon a next week, or the decision to close Crozer-Chester Medical Center ...
Key takeaways from McKee’s State of the State address
PROVIDENCE, R.I. (WPRI) — Gov. Dan McKee gave his annual State of the State address on Tuesday. In the speech, McKee focused on a variety of issues that his budget proposal, which will be revealed ...
Community Focus: Rhode Island Attorney General Peter Neronha
Rhode Island Attorney General Peter Neronha joined 12 News at 4 on Tuesday to discuss his hopes for the governor’s State of the State address and his office’s current priorities.
What you should know about Prospect Medical Holdings’ bankruptcy filing
The company has two hospitals in Rhode Island caring for thousands of the state’s most vulnerable patients. Here are answers ...
CT officials vow 3 hospitals in bankruptcy won’t close
State officials offered assurances to residents and employees Monday that three Connecticut hospitals owned by Prospect ...
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Conn. Governor Vows Hospitals To Stay Open Through Prospect Bankruptcy
Prospect Medical Holdings filed for bankruptcy Saturday, but officials in Connecticut are reassuring residents and employees that the local hospitals won't close. Other news includes: incentives for ...