Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Merger Talks Stall Between Caritas Christi and Landmark Medical Center

Merger talks between Boston-based Caritas Christi Health Care System and Landmark Medical Center in Woonsocket, R.I., have stalled, according to a Providence Journal report.

While the deal could still materialize, a representative for Landmark said the biggest roadblock for the deal was inadequate reimbursement rates from Blue Cross & Blue Shield of Rhode Island that could not successfully be renegotiated. Blue Cross denied the hospital's claims of underpayment saying in paid Landmark nearly $30 million last year. 

In August, Caritas Christi asked a Rhode Island judge to approve its acquisition of the struggling 214-bed facility, which has been under court supervision for two years.

Read the Providence Journal report on Landmark Medical Center.

Read previous coverage on Landmark Medical Center:

- Caritas Christi May Convert Rhode Island's Landmark Medical

-
Caritas Christi Closer to Acquiring Rhode Island's Landmark Medical Center

-
Rhode Island's Landmark Medical Center Seeks $20M State Bailout

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars