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For decades, the Diocese of Providence owned St. Joseph Health Services and was responsible for millions of dollars of contributions to the pension fund of the nurses and staff of the hospital.
Settlement reached between Prospect Medical Holdings and St. Joseph Pension Fund
PROSPECT MEDICAL HOLDINGS has reached a settlement agreement that would end litigation related to the St. Joseph Health Services of Rhode Island Retirement Plan. PROVIDENCE – Prospect Medical Holdings Inc. on Tuesday announced that it had reached a settlement with St. Joseph Pension Fund to purchase the remaining 15% minority interest in Prospect s Rhode Island hospitals held by CharterCARE Community Board. The agreement includes a $27.25 million payment and resolves litigation related to the pension fund provided by the…
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