Rhode Island S2340 allocates funds to support the sale of Roger Williams Medical Center and Our Lady of Fatima Hospital to CharterCARE Health of.

Rhode Island S2340 makes revised appropriations for fiscal year 2026 to support the sale of Roger Williams Medical Center and Our Lady of Fatima Hospital to CharterCARE Health of Rhode Island. The bill authorizes the state to provide up to $18,000,000 in financing support to assist in the sale of the hospitals. This funding is intended to ensure the financial viability of the hospitals, which are essential for the public health and safety of their communities. The bill also establishes a debt service reserve fund to cover the debt service on the bonds issued for the hospital sale.

Rhode Island S2340 allocates funds to support the sale of Roger Williams Medical Center and Our Lady of Fatima Hospital to CharterCARE Health of.

Rhode Island S2340 makes revised appropriations for fiscal year 2026 to support the sale of Roger Williams Medical Center and Our Lady of Fatima Hospital to CharterCARE Health of Rhode Island. The bill authorizes the state to provide up to $18,000,000 in financing support to assist in the sale of the hospitals. This funding is intended to ensure the financial viability of the hospitals, which are essential for the public health and safety of their communities. The bill also establishes a debt service reserve fund to cover the debt service on the bonds issued for the hospital sale.