- Associated Press - Thursday, December 29, 2016

PROVIDENCE, R.I. (AP) - Rhode Island’s Care New England continues to lose money.

WPRI-TV reports (https://bit.ly/2imReNR) Rhode Island’s second-largest hospital group reported a net loss of $53 million for the 2016 fiscal year.

The group reported a net loss of $28 million the previous year. The station obtained an audited financial statement.

Care New England was looking to merge with another health care system, Southcoast Health of Massachusetts. Officials announced in October that the plans were called off because their visions for a combined system couldn’t be achieved.

Memorial Hospital accounted for $32 million of the group’s losses. Services have been reduced there to try to improve its finances.



A spokeswoman for the group called it a transitional year.

The state’s largest hospital group, Lifespan, also lost money, $29 million for the fiscal year.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide