A message from the United Nurses and Allied Professionals to the Rhode Island Department of Health and Attorney General:
Centurion Foundation’s application to buy CharterCARE
Fatima Hospital, Roger Williams Medical Center, and Prospect Home Health and Hospice have served Rhode Island patients and their families for decades. So when the Georgia-based Centurion Foundation submitted their application to buy these important community hospitals and healthcare facilities, we took a closer look.
Listen to our current radio ad about why Centurion’s application must be rejected.
What we’ve found in this application is a business model that is not credible or viable.
Here’s why:
Centurion doesn’t own or operate any hospitals and doesn’t know how to.
Centurion knows that CharterCARE (Roger Williams Medical Center, Fatima Hospital and Prospect Home Health and Hospice) continues to lose money, which is unsustainable. But Centurion is not going to make any financial commitments to CharterCARE facilities.
Centurion is not putting up any of their own money in this sale. Instead, they expect these community hospitals and healthcare facilities to borrow up to $133 million to stay afloat. Centurion is not on the hook to pay this money back. CharterCARE facilities will have to pay it back with money they don’t have.
According to Centurion, these community hospitals and healthcare facilities are supposed to survive by finding cost-savings and new revenue, which they haven’t been able to do for decades now.
At the same time that Centurion refuses to invest any money in these healthcare facilities, they insist on making CharterCARE’s hospitals and facilities pay them numerous fees and charges. Worse, Centurion refuses to tell us what the fees and charges are for, or how much they will be.
We’re calling on the Department of Health and the Attorney General to reject Centurion’s application.
This model doesn’t work for employees or their families. It doesn’t work for the patients and family members we serve. And it doesn’t work for Rhode Island.
