Monday, February 21, 2011

Brentwood's RegionalCare makes bid for Rhode Island hospital

WOONSOCKET, R.I. -- A Tennessee hospital group has made a bid for a troubled Rhode Island hospital.

Jonathan Savage, the court-appointed special master of Landmark Medical Center in Woonsocket, says it has signed a letter of intent to sell to RegionalCare Hospital Partners, based in Brentwood.
Terms of the offer have not been disclosed. Landmark will still entertain other offers until a deadline set by a Superior Court judge of March 25.

Savage then has until April 6 to recommend one of the bids.

Landmark was placed in receivership in 2008 and had been in danger of closing.

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