Eversheds Sutherland Advises The Centurion Foundation on Completed Acquisition of Roger Williams Medical Center and Fatima Hospital

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Eversheds Sutherland Advises The Centurion Foundation on Completed Acquisition of Roger Williams Medical Center and Fatima Hospital

March 20, 2026

GlobalUnited States
GlobalUnited States
GlobalUnited States
Eversheds Sutherland is pleased to have advised The Centurion Foundation on its completed acquisition of Roger Williams Medical Center, Our Lady of Fatima Hospital, and several related assets from the bankrupt Prospect Medical Holdings following several years of regulatory review and complex financial structuring. 

The acquisition was financed with $101 million in private bonds raised through Bank of America under the sponsorship of the Rhode Island Health and Education Building Corporation (RIHBEC), with critical assistance from Attorney General Peter F. Neronha, Governor Dan McKee, House Speaker Joseph Shekarchi, and Senate President Val Lawson through the creation of an $18 million supplemental reserve fund requested by investors.

As part of the sale transaction, a new 501 (c)3 non-profit organization, CharterCARE Health of Rhode Island (CHRI), has been created to provide local governance and management. The CHRI Board and advisory boards for both hospitals have a majority membership of local physicians and community leaders.

Read the full press release here.

The Eversheds Sutherland team was led by Partner and US Finance Practice Group Leader David Wender, with support from Senior Associate Sameer Alifarag. 

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

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David A. Wender

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