FAQ

This is not a traditional purchase. Unlike previous transactions where hospitals were acquired by larger systems, this is a divestiture. CharterCARE’s current for-profit owner is stepping away, and with the help of a private, charitable organization, it has regained independence as a stand-alone, nonprofit hospital system.

A nonprofit hospital reinvests its surplus revenue into patient care, staff, facilities, and community health initiatives rather than distributing profits to owners or investors. This allows CharterCARE to focus solely on delivering high-quality, patient-centered care while maintaining financial sustainability.

The CharterCARE system  will be managed by the current CEO, Jeffrey Liebman, and his executive leadership team, supported by industry strategists as needed. CharterCARE is  governed by a local board of directors composed of community leaders, healthcare professionals, and business professionals. This means decision-making will be driven by what’s best for patients, employees, and the community—rather than by corporate or investor interests.

We are no longer owned by an out of state, private equity-backed corporation. Instead, we are returning to our original mission—serving our community as an independent, nonprofit, locally governed and managed healthcare provider.

Our sale is now complete, and the intense regulatory review of that process has ended. We will continue to conduct normal operations in order to provide the high quality, compassionate care that we are known for.

Very few but as we transition back to our own systems, we still need access to their national agreements for a limited time, such as IT and purchasing.

Our name is changing only slightly…from CharterCARE Health Partners to CharterCARE Health of Rhode Island. This change reflects the fact that, as a new independent, non-profit, and locally managed organization, we are no longer part or a partner of the Prospect system.

Our owner is CharterCARE Health of Rhode Island, a new non-profit organization created to govern us and to oversee our local management team led by Jeff Liebman.

The CharterCARE Health of Rhode Island Board of Trustees oversees our local management team led by Jeff Liebman. Senior leadership and departmental managers remain the same. This means decision-making will be driven by what’s best for our patients, employees, and the community—rather than by corporate or investor interests.

The CharterCARE Health board is made up of:

Gregory Grove

Maria Leonard

Jeffrey Liebman

Louis Mariorenzi, MD

Gerald Marsocci, MD

Benjamin Mingle

J. Sue Painter

Edwin Santos

Vijay Sudheendra, MD

There are also advisory boards for both hospitals.