January 26, 2017; Valley Breeze (Cumberland, RI)
When the nonprofit Landmark Medical Center was converted to for-profit status in 2013, it immediately began paying taxes. Both the Rhode Island city of Woonsocket and the hospital had been on the verge of bankruptcy and both were in some form of receivership. Where it had previously contributed only $240,291 to the town through a state payment in lieu of taxes program, its tax bill expanded to $1.6 million.
But the California-based Prime Healthcare Services, which became the parent company when the hospital came out of receivership in 2013, now