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Archive - May 18, 2011 - News Article

Another suitor pulls out of Landmark deal

May 18, 2011

WOONSOCKET — Prime Healthcare has now withdrawn its offer for Landmark Medical Center, making it the second bidder to walk away from the court-supervised sale of the troubled hospital in four days.
But this time there was a familiar ring to the Ontario, Calif., company's justification for pulling out — problems with Blue Cross/Blue Shield of Rhode Island.

Raimondo talks to Chamber about state pension crisis

May 18, 2011

LINCOLN — Despite giving a dire assessment of the current condition of the state pension fund, General Treasurer Gina Raimondo told the Northern Rhode Island Chamber of Commerce Wednesday that there is reason for optimism that the state will bring the $9 billion problem under control.
Raimondo said that Gov. Lincoln Chafee, House Speaker Gordon Fox and Senate President Teresa Paiva Weed “are ready to line up and take on pension reform. They are talking about acting quickly, they are talking about a special session, they are talking about working with me to come out with concrete solutions.

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