Amid pandemic, CNE posts loss as Lifespan breaks a profit for FY20

IN FISCAL YEAR 2020, Lifespan reported a $21.3 million profit, while Care New England reported a $13.2 million loss. Above, on left, Lifespan CEO Timothy J. Babineau and Dr. James E. Fanale, president and CEO of Care New England. / PBN FILE PHOTOS/ DAVE HANSEN/MICHAEL SALERNO
PROVIDENCE – Care New England Health System reported a $13.2 million loss in the fiscal year ended Sept. 30, the company reported on Thursday. The state's second-largest health system reported an $8.2 million profit one year prior. The financial news amid the pandemic was better for Lifespan Corp. and its affiliates. Rhode Island's largest health…

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