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1540 WADK.com Updates

Care New England Reports Financial Turnaround

Care New England is reporting itself to be in the black following the closure of Memorial Hospital in Pawtucket.  Rhode Island's second-largest hospital group reported this week that it turned an 800-thousand-dollar profit during the third quarter of the 2018 fiscal year, compared to a loss of six-and-a-half-million in the same period last year.  Excluding costs related to closing the hospital, CNE said it recorded a four-point-six-million-dollar gain.  Care New England asked Rhode Island officials last week for an expedited review of a proposed merger with Boston-based Partners HealthCare. 

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