Prime Healthcare will receive a $2 million refund over the next five years from the city of Woonsocket, where its local subsidiary owns and operates Landmark Medical Center. Could Prime be looking to add two more Rhode Island hospitals to its portfolio? (Photo courtesy of Prime Healthcare)
As Prime Healthcare crunches numbers on a potential purchase of Our Lady of Fatima Hospital and Roger Williams Medical Center, the income side of its ledger is poised for a $2 million boost.
The extra money comes from a settlement with the city of Woonsocket, where Prime Healthcare Foundation owns and operates Landmark Medical Center. The Woonsocket City Council authorized the payment agreement with Prime under a resolution presented at its meeting Monday. The settlement resolves a longstanding dispute — including three lawsuits — over city tax assessments and bills to the hospital operator that began a decade earlier…