The Rhode Island General Assembly passed legislation amending a state law that limits for-profit companies from buying more than one hospital every three years.
The legislation also paves the way for the Boston-based Steward Health Care System to move forward with its purchase of Landmark Medical Center, a financially struggling 133-bed hospital in Woonsocket, R.I.
The House and Senate versions of the legislation were both approved Monday.
“We're looking at creating a climate where, if there's an entity, be it public or private, that is able and willing to keep our community hospitals open and serving the community, we will work with them,” said House Majority Leader Nicholas Mattiello in a news release. “This legislation makes it possible to talk to (whoever) is interested and place whatever restrictions are necessary on an agreement with them if they are willing to run a community hospital.”