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Landmark Medical Center Likely to Get Financial Support

June 10, 2010

It’s not official yet, but it looks like when the General Assembly votes today it will approve a bill that would make life a little easier for  the financially struggling Landmark Medical Center in Woonsocket.

The new version of the bill  exempts Landmark  from sales tax for the next 12 years  if it is acquired by a for profit company (read Caritas after it’s bought by Cerberus.)

Spokesman Bill Fischer estimates that move would save the medical center about $735,000 a year.

Part of the legislation also allows Landmark to apply to be considered a rural hospital by the federal government, allowing it to get higher reimbursement rates from Medicare, even though the medical center is in a clearly urban area. The rationale is Landmark serves other, more rural parts of the region.  That, and Landmark could use all the help it can get.

See my earlier post about Caritas for more information.

One Comment leave one →
  1. June 10, 2010 3:53 pm

    Well. That’s interesting. I’m not sure Rhode Island should be lying to the Federal Government and the advertising it is lying to the Federal Government.

    Maybe Landmark Medical Center could at least open a small “office” in the middle of nowhere and make that fake small office the “headquarters” or something.

    I have no problem with Landmark getting some help. Why not just ask for a bail out from taxpayers? Wouldn’t that be better than “lying” to the Federal Government.

    Where oh where has honestly gone these days……

    Off to to Twin River after my MRI in a few moments. Where, if I win I will tell everyone and if I lose I’ll “lie” about my losses, LOL :}

    ~Crazy rich – AwaY~!~!

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