Roman Catholic Diocese of Providence

Office of Communications
One Cathedral Square Providence, RI 02903 401.278.4600
FOR IMMEDIATE RELEASE: CONTACT: 401/278-4600
October 11, 2017

Statement from the Diocese of Providence

Those concerned about the pension situation of St. Joseph Health Services are
good people who worked long and hard in the health care field. The Diocese of
Providence understands and shares their concerns, and we hope that their
difficult situation will come to a positive resolution as soon as possible.

Unfortunately, they have been given some misleading information about this
very complex situation. The Diocese of Providence has not been involved in
the administration or management of the hospitals for over 50 years. The
Diocese of Providence did not create this problem and we are not able to
resolve it.

There were many different parties involved in the corporate transaction

between CharterCare and Prospect Medical Holdings in 2014 that led to the
current pension problem. Transparency and cooperation from all parties will
be important going forward if this problem is to be resolved.