Becker's Healthcare May 26, 2022
Providence, R.I.-based Care New England could have plans for a merger by next month, its outgoing CEO told WPRI on May 25.
The health system announced the retirement of James Fanale, MD, on May 11. He will step down in early 2023.
Care New England has been going through financial struggles for several years, posting an operating loss of $35 million for the six months ended March 31, according to the report. It had plans to merge with Providence-based Lifespan, but the two organizations withdrew their plans after receiving opposition from the state’s attorney general and the Federal Trade Commission.
Dr. Fanale told WPRI the organization’s executive team has hired consultants to find potential partners, and that he...
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