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

Modern glass high‑rise architecture cityscape exteriorModern glass high‑rise architecture cityscape exterior

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.

Services

Industries

Key contacts

davidwender@eversheds-sutherland.com

David A. Wender

Partner

Atlanta, United States | Houston, United States

Latest Insights

Latest News

Latest Events

  • virtual | September 10, 2026
  • in-person | September 10, 2026
  • in-person | September 17, 2026
  • in-person | September 23, 2026
47006486_l

legal updates

July 20, 2026

Industrials Unpacked #1: Supply Chain Contracts

grass and trees in a park

legal updates

July 17, 2026

EU Forced Labour Regulation

Tall glass skyscrapers urban business district modern city skyline

legal updates

July 16, 2026

Trump v Slaughter: What the US Supreme Court’s ruling means for transatlant...

modern glass office building with tree background

legal updates

July 10, 2026

Global Sustainability & ESG Insights - June 2026

© Eversheds Sutherland 2026. All rights reserved. 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.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website.