Care New England reports $13.8M operating loss in Q1

Claudia Chiappa

02/01/2023

Kent-hospital — CARE NEW ENGLAND HEALTH SYSTEM reported an operating loss of $13.8 million in the first quarter of 2023 ending Dec. 31, according to CNE financial statements. Kent County Memorial Hospital is owned by CNE. / COURTESY KENT COUNTY MEMORIAL HOSPITAL

PROVIDENCE – Care New England Health System reported an operating loss of $13.8 million in the first quarter of 2023 ending Dec. 31, showing signs of recovery after a challenging 2022. While still reporting an operating loss, the system shows improvements from last year, when the first quarter of fiscal 2022 recorded a $20.9 million…

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