Care New England’s second-quarter numbers show that Rhode Island’s second-largest hospital group missed its financial forecast and is again pilling up millions of dollars of losses, Go Local Prov reports.
The hospital group, which owns Women & Infants, Kent, and Butler hospitals, has been in and out of significant financial trouble for the better part of a decade and has tried what seems like an endless number of failed mergers.
GoLocal reported this week that Care New England’s CEO James Fanale is stepping down.
Now, the financial data shows the hospital group shows it is piling up more losses. And the group continues to struggle to sustain staffing and control staffing costs.
The group is now lobbying the General Assembly looking for bailout funds. But legislators are concerned that an appropriation to Care New England is just more good money after bad. Read more.
