- Associated Press - Friday, May 5, 2017

PROVIDENCE, R.I. (AP) - Care New England, one of the largest hospital chains in Rhode Island, is reporting a $40 million operating loss for the first half of the fiscal year.

The report comes as the chain seeks a merger with Boston-based Partners HealthCare.

Representatives with Care New England say the losses come from a mix of low patient volumes and a reliance on Medicaid reimbursements.

One of the higher costs to the hospital is Pawtucket’s Memorial Hospital management, which was forced to shut down its maternity ward.

In a statement, a Care New England spokesman says the chain has made progress but “it takes time for such results to ultimately be seen on the bottom line.”

The CEO of Care New England says he hopes to sign an agreement with Partners this summer.

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