Eversheds Sutherland Advises The Centurion Foundation on Completed Acquisition of Roger Williams Medical Center and Fatima Hospital

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Eversheds Sutherland Advises The Centurion Foundation on Completed Acquisition of Roger Williams Medical Center and Fatima Hospital

2026. március 20.

GlobálisAmerikai Egyesült Államok
GlobálisAmerikai Egyesült Államok
GlobálisAmerikai Egyesült Államok
Eversheds Sutherland is pleased to have advised The Centurion Foundation on its completed acquisition of Roger Williams Medical Center, Our Lady of Fatima Hospital, and several related assets from the bankrupt Prospect Medical Holdings following several years of regulatory review and complex financial structuring. 

The acquisition was financed with $101 million in private bonds raised through Bank of America under the sponsorship of the Rhode Island Health and Education Building Corporation (RIHBEC), with critical assistance from Attorney General Peter F. Neronha, Governor Dan McKee, House Speaker Joseph Shekarchi, and Senate President Val Lawson through the creation of an $18 million supplemental reserve fund requested by investors.

As part of the sale transaction, a new 501 (c)3 non-profit organization, CharterCARE Health of Rhode Island (CHRI), has been created to provide local governance and management. The CHRI Board and advisory boards for both hospitals have a majority membership of local physicians and community leaders.

Read the full press release here.

The Eversheds Sutherland team was led by Partner and US Finance Practice Group Leader David Wender, with support from Senior Associate Sameer Alifarag. 

Eversheds Sutherland takes all reasonable care to ensure that the materials, information and documents, including but not limited to articles, newsletters, reports and blogs (""Materials"") on the Eversheds Sutherland website are accurate and complete. However, the Materials are provided for general information purposes only, not for the purpose of providing legal advice, and do not necessarily reflect the present law or regulations. The Materials should not be construed as legal advice on any matter.

The Materials may not reflect the most current legal developments. The content and interpretation of the Materials and the law addressed in the Materials are subject to revision.

No representation or warranty, express or implied, is made as to the accuracy or completeness of the Materials and therefore the Materials should not be relied upon. Eversheds Sutherland disclaims all liability in respect of actions taken or not taken based on any or all of the contents of the Materials to the fullest extent permitted by law. The Materials are not intended to be comprehensive or to include advice on which you may rely. You should always consult a suitably qualified Lawyer/Attorney on any specific legal matter.

Any views expressed through the Materials are the views of the individual author and may not reflect the views of Eversheds Sutherland or any other individual Lawyer/Attorney.

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Iparágak

Fő kapcsolattartók

davidwender@eversheds-sutherland.com

David A. Wender

Partner

Atlanta, United States | Houston, Amerikai Egyesült Államok

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