Statement from the Diocese of Providence - St. Joseph Health Services Pension Fund

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.