How is Centurion different than Prospect?
The Centurion Foundation is a nonprofit 501©3 corporation organized to finance, own, lease, and operate healthcare facilities. They will establish Centurion of Rhode Island to acquire CharterCARE and operate as a nonprofit, similar to other Rhode Island 501©3 health systems.
Will Centurion abide by the Attorney General's recent conditions?
Yes, Centurion will fully cooperate with the RI Attorney General to satisfy existing conditions.
What role specifically will QHR Health play into CharterCARE?
Centurion will partner with QHR to provide day to day shared services to CharterCARE. QHR has been onsite since July of this year providing CharterCARE with advisory services.
Will there be local management of CharterCARE?
Yes, Centurion plans on retaining local leadership, including the CEO, to direct operations.
Will there be a board of directors?
Centurion will create a new board of directors that includes local representation.
Will they be paid?
Typically, Centurion reimburses board members for travel expenses and time.
What experience does Centurion have in transactions of this nature?
Centurion has been partnering with local communities for more than 30 years and investing close to $800 million in local projects.
Is Centurion committing to invest in CharterCARE? If so, how much?
Centurion’s mission and practice calls for reinvesting profits into their facilities, people, and the communities they serve.
How is Centurion different than Prospect?
The Centurion Foundation is a nonprofit 501©3 corporation organized to finance, own, lease, and operate healthcare facilities. They will establish Centurion of Rhode Island to acquire CharterCARE and operate as a nonprofit, similar to other Rhode Island 501©3 health systems.
Will Centurion abide by the Attorney General's recent conditions?
Yes, Centurion will fully cooperate with the RI Attorney General to satisfy existing conditions.
Will there be local management of CharterCARE?
Yes, Centurion plans on retaining local leadership, including the CEO, to direct operations.
Will there be a board of directors?
Centurion will create a new board of directors that includes local representation.
Will they be paid?
Typically, Centurion reimburses board members for travel expenses and time.
What experience does Centurion have in transactions of this nature?
Centurion has been partnering with local communities for more than 30 years and investing close to $800 million in local projects.
Is Centurion committing to invest in CharterCARE? If so, how much?
Centurion’s mission and practice calls for reinvesting profits into their facilities, people, and the communities they serve.
