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Peter Neronha PHOTO: GoLocal
The consulting group hired by RI Attorney General Peter Neronha is giving the green light to the hospital conversion for Prospect Medical Holdings to transfer its ownership on CharterCare to another corporate entity.
The nearly 900-page report by Neronha’s consultant Affiliated Monitors, Inc (AMI) the report concludes, among other things, that Prospect Medical Holdings, Inc. has met its capital commitment requirements that were required under the preceding conversion that took place in 2014. The question was did CharterCare and its owner Prospect make the investments it promised over the past seven years.
“Following an independent, exacting, and comprehensive review, the Affiliated Monitors’ independent report has determined that Prospect Medical has met all the regulatory conditions set forth by the Rhode Island attorney general and Department of Health when Prospect’s acquisition of CharterCARE Health Partners was approved in June 2014.
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Tax rationalisation, liquidity enhancement top real estate sector s Budget wishlist
While measures announced by the government in 2020 to kickstart the economy have been in right direction, the real estate sector is hoping for upcoming Budget to give a shot on the arm for the beleaguering sector
Rukmini Rao | January 25, 2021 | Updated 15:06 IST
The real estate sector contributes nearly 8 per cent to the economy
Through the course of 2020, the Centre announced several measures such as moratorium on equated monthly instalments, restructuring of loans of real estate companies at project level, setting up of Swamih fund - rescue capital for affordable and mid-income housing projects - along with capital infusion to the National Housing board to help Indian real estate sector . The Reserve Bank of India also announced massive repo rate cut of 140 basis points over the course of time, leading to lowest home loan interest rates in over 15 years.
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