The sale of Our Lady of Fatima Hospital in North Providence (pictured) and Roger Williams Medical Center in Providence remains pending as the buyer struggles to secure investor-backed bonds to close the deal. (Photo by Michael Salerno/Rhode Island Current)
A heavy hitter in municipal financing has been tapped to help close the sale of Roger Williams Medical Center and Our Lady of Fatima Hospital.
The Rhode Island Health and Educational Building Corp., the quasi-public agency issuing the debt on behalf of buyer The Centurion Foundation, brought on Bank of America this week to co-manage the bond sale, according to Christopher Hunter, an agency spokesperson. The update was first reported by WPRI-TV 12…