The hospital is in the process of being purchased by Steward Medical which already owns several hospitals in the Massachusetts area and until the regulators approve the purchase it’s business as usual, laying off employees to stay solvent and not have to close. In addition they are no longer offering respiratory therapy.
Blue Cross Sues Financially Stressed Landmark Hospital in Rhode Island-Court To Determine New Owner in April
This has not been an easy route by any means and you can read a little history at the link above. BD
“Back in August of 2010 it was announced that Cerberus was going to buy Landmark Hospital but reports state that the conversations broke down over the issue of the money with Blue Cross that didn’t go well. The hospital now is considering selling their parking lot to CVS to raise money. The conversations involve the employee health insurance the hospital provided for employees.”
PROVIDENCE, RI (WRNI) - Landmark Medical Center in Woonsocket is laying off some of its employees and closing its outpatient center in Johnston.
In an effort to streamline operations at the financially troubled hospital, Landmark is no longer offering respiratory therapy on Atwood Avenue in Johnston.
But lay-offs are happening throughout the hospital system. According to Landmark's nurses union, the staff reductions impact the jobs of approximately 20 of its members.
Bill Fischer, Landmark's spokesman, says it was difficult to let go of employees.
"But at the end of the day, it's the best decision for the hospital overall," he says. "We have to become more efficient in this very complex health care delivery world that we live in."