Neronha’s Consultant Gives Approval for Conversion of CharterCare’s Ownership
Tuesday, January 26, 2021
GoLocalProv News Team
The consulting group hired by RI Attorney General Peter Neronha is giving the green light to the hospital conversion for Prospect Medical Holdings to transfer its ownership on CharterCare to another corporate entity.
The nearly 900-page report by Neronha’s consultant Affiliated Monitors, Inc (AMI) the report concludes, among other things, that Prospect Medical Holdings, Inc. has met its capital commitment requirements that were required under the preceding conversion that took place in 2014. The question was did CharterCare and its owner Prospect make the investments it promised over the past seven years.
Prospect CharterCARE wrote in a statement in response to the AMI report: