PAWTUCKET, R.I.-Memorial Hospital of Rhode Island, Pawtucket, a 294-bed teaching affiliate of Brown University School of Medicine, and Landmark Medical Center, a two-campus facility in Woonsocket and North Smithfield specializing in rehabilitation and psychiatric care, have agreed to consolidate under a common holding company. The merger makes the combined 527-bed organization the second-largest in Rhode Island behind the proposed merger of 719-bed Rhode Island Hospital and 247-bed Miriam Hospital, which was announced late in December (Jan. 10, p. 6). Both Memorial and Landmark are results of previous mergers, and the latest consolidation would combine four original hospitals in one entity, said Landmark spokesman Stephen Hines. The organizations earned a combined $2.1 million on a total budget of $158 million in the year ended Sept. 30, 1993, Mr. Hines said.
DOVER, Del.-Eugene Wolinsky, president of the Association of Delaware Hospitals, is retiring after more than four decades in the healthcare industry and 10 years at the helm of the 11-member association. Mr. Wolinsky, 62, said he plans to travel, read and pursue other hobbies. The association's board is expected to name a successor within the next few weeks.
WINTHROP, Mass.-Winthrop Hospital, a 92-bed facility that filed for bankruptcy protection in April 1992, said it was weighing a purchase offer from a joint venture of Boston University Medical Center-University Hospital and the East Boston Neighborhood Health Center. A federal bankruptcy court must approve the proposal to pay $2.75 million in cash, $1.5 million to $2 million for renovation and a $1 million loan to be repaid by accounts receivable, said Larry Keller, a Winthrop spokesman. Bondholders are owed "substantially more" than what University Hospital and the community health center are offering, Mr. Keller said. Winthrop's debt is estimated at $15 million, which includes bonded indebtedness and employee vacation pay and benefits, he said. Winthrop, which serves an island neighborhood behind Logan International Airport, lost $6 million in 1991, the year it sought protection from creditors, but finished $500,000 in the black for 1993, Mr. Keller said.