Care New England shows revenue growth, but reports $33.7M operating loss

CARE NEW ENGLAND reported an operating loss of $33.7 million in the first quarter of fiscal 2018, noting Memorial Hospital's closure was a major factor in the loss.
CARE NEW ENGLAND reported an operating loss of $33.7 million in the first quarter of fiscal 2018, noting Memorial Hospital's closure was a major factor in the loss.
PROVIDENCE – Care New England released its FY 2018 first quarter report Thursday, showing an operating loss of $33.7 million and a loss of $57 million after including nonoperating gains and losses. However, after a series of adjustments, some of them one-time items, the hospital group showed a decrease in unrestricted net assets for the…

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