The Rhode Island Senate unanimously approved a bill yesterday to eliminate a requirement that for-profit hospital corporations wait three years between acquiring hospitals, according to a Providence Journal report.
Boston-based Steward Healthcare proposed the amendments to Rhode Island's 15-year-old Hospital Conversions Act. The bill would strike the mandatory pause between hospital acquisitions and also reduce the regulatory review process from 180 days to 120.
Steward Wants Terms of Landmark Merger Changed
Steward, Landmark Medical Center Submit Merger Application
Boston-based Steward Healthcare proposed the amendments to Rhode Island's 15-year-old Hospital Conversions Act. The bill would strike the mandatory pause between hospital acquisitions and also reduce the regulatory review process from 180 days to 120.
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RI Senate Panel Amends Bill to Strike 3-Year Wait Between Hospital AcquisitionsSteward Wants Terms of Landmark Merger Changed
Steward, Landmark Medical Center Submit Merger Application