Care New England posts operating loss of $6.5M in fiscal Q3, $46.4M year to date

PBN Staff

08/04/2017

CARE NEW ENGLAND reported a $6.5 million loss int he company's fiscal third quarter ending in June. Above, one of the hospitals the organization operates, Memorial Hospital. /COURTESY CARE NEW ENGLAND — CARE NEW ENGLAND reported a $6.5 million operating loss in the company's fiscal third quarter ended June 30. Above, Memorial Hospital in Pawtucket is one of the organization's operating units. / COURTESY CARE NEW ENGLAND

PROVIDENCE – Care New England reported a $6.5 million operating loss for its fiscal third quarter through June, with the health care provider reporting losses of $4 million in April, $2.2 million in May and $300,000 in June. In the fiscal 2016 third quarter, CNE posted an operating loss of $4.5 million. The company reported…

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