US: Memorial Hospital gets a lifeline with proposed merger

Memorial Hospital of Rhode Island should soon have a new owner as a result of a proposed major hospital merger announced. The Care New England hospital announced plans to merge with Boston-based Partners HealthCare, parent company of Brigham and Women’s.

As part of that deal, which needs approval from regulators in Massachusetts and Rhode Island, Memorial Hospital would be sold off to Prime Healthcare Foundation, a California-based nonprofit group affiliated with the owners of Woonsocket’s Landmark Medical Center.

It’s been a troubled few years for the financially-strapped Memorial Hospital, which saw its birthing center shut down last year. Rumors swirled that the hospital itself close down.

Full Content: US News

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