Tagged: hospital conversions act

Westerly Hospital will lay off 45 employees, just before its sale to Lawrence & Memorial Hospital in New London, CT is completed.

Westerly’s new owners struck deals with hospital unions early on during acquisition talks. They agreed to keep most clinical positions. The 45 lay-offs don’t conflict with those commitments.

15 of the employees losing their jobs are unionized support staff. The rest are mainly from Westerly’s business office. Those functions will be consolidated at L&M’s headquarters in Connecticut.

CharterCARE, the umbrella organization for Our Lady of Fatima and Roger Williams hospitals, has announced its intent to partner with Prospect Medical Holdings, a for-profit health care firm based in California. The deal is in its infancy. But it's the fourth proposed hospital merger/acquisition under Rhode Islands Hospital Conversions Act. And it's yet another sign of the shaky financial ground on which many of the state's hospitals now find themselves.

Westerly Hospital is another step closer to being acquired by New London-based L&M Hospital.

Rhode Island’s department of health and the attorney general’s office say they’ve received a complete application from L&M. The state agencies now have 90 days to review it. If they accept L&M’s offer, Westerly could be the first hospital acquired under the state’s new Hospital Conversions Act.