The Rhode Island General Assembly has passed legislation that will help the nonprofit Centurion Foundation purchase of Roger Williams Medical Center and Fatima Hospital.
The legislation sets aside 18-million-dollars from the state's "rainy day" fund that could be used to repay investors if Centurion is unable to make future debt payments.
The bankrupt, for-profit Prospect Medical Holdings agreed last year to sell the hospitals that combined, have 500 beds and more than 24-hundred employees.
Governor McKee will sign the legislation this afternoon.
(Photo by STEPHANE OUZOUNOFF/Hans Lucas/AFP via Getty Images)
Photo: STEPHANE OUZOUNOFF / AFP / Getty Images