PAWTUCKET, R.I. — Rhode Island’s second largest hospital group says most of its $6 million loss in October and November can be attributed to the pending closure of one of its hospitals.
WPRI-TV reports that the incoming CEO of Care New England, Dr. James Fanale, said the performance in the first two months of the new fiscal year was better than expectations. Apart from Pawtucket’s Memorial Hospital, the group was close to breaking even.
The financially struggling company is seeking state approval to shut down Memorial while it tries to sell the rest of its system. Partners HealthCare, a Boston-based company, is considering a purchase of the group.
Care New England says some medical services could continue to be provided at the Memorial site after it gives up its hospital license.
Information from: WPRI-TV, http://www.wpri.com